Wall Street Falls as Earnings, Policy Risks Weigh
US equities declined in the afternoon trading as markets weighed the start of earnings season, policy uncertainty from President Donald Trump, and mixed signals from economic data.
The S&P 500 and the Nasdaq were down 0.3% each, the Dow fell over 300 points. Earlier gains faded following a brief boost from softer core CPI data, which supported expectations for Fed rate cuts later this year. Meanwhile, renewed criticism of Federal Reserve Chair Jerome Powell and fresh tariff threats tied to Iran added to market unease.
Financial stocks led the losses, with JPMorgan sliding roughly 4% despite solid quarterly results, as weaker investment banking fees and concerns over a proposed 10% cap on credit card interest rates rattled investors. Visa and Mastercard dropped more than 4%, adding pressure to banks and payments firms across the sector. Delta Air Lines dropped over 2% after forecasting adjusted earnings below analysts’ estimate.
Source: Tradingeconomics.com
