According to Mars Finance, citing Jinshi, at the opening of the US stock market, the Dow Jones Industrial Average fell 300 points, the S&P 500 fell 0.4%, and the Nasdaq Composite fell 0.39%. Trump's call to cap credit card interest rates at 10% caused bank stocks to fall, with JPMorgan Chase down 2.2% and Citigroup down 2.9%. Meanwhile, the Nasdaq China Golden Dragon Index rose 1.6%, Kingsoft Cloud rose 16%, and Alibaba rose 4.9%.
US stocks opened lower, with the Dow Jones Industrial Average down 300 points and bank stocks generally declining.
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