The S&P 500 Teeters as Bank Stocks Take It on the Chin
Barrons·2026-01-23 18:44

The S&P 500 danced around the breakeven line Friday afternoon while the Dow Jones Industrial Average was down 0.8%, or 382 points, and the Nasdaq Composite was up 0.3%.Among the 11 S&P 500 sectors, financials were the biggest decliner. Shares of Capital One, which is acquiring payments startup Brex for $5.15 billion, were down 7.3%.American Express stock was also down 2.4%. Lending stocks have experienced turbulence since President Donald Trump called for credit-card interest rates to be capped at 10% for o ...