Markets

Wall Street opens lower on renewed concerns over Fed’s independence, financial stocks dip

January 12, 2026

Major US stock indices opened lower on Monday after the Donald Trump administration renewed its attacks on the Federal Reserve, stoking fresh worries about the central bank's autonomy. Financial stocks declined following a proposed one-year cap on credit-card interest rates. At the open, the Dow Jones Industrial Average fell 4.4 points, or 0.01%, to 49499.67.

Wall Street opens lower on renewed concerns over Fed’s independence, financial stocks dip

Credit: Livemint

Key Highlights

The S&P 500 fell 22.2 points, or 0.32%, to 6944.12, while the Nasdaq Composite dropped 94.5 points, or 0.40%, to 23576.877.
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Sources

Wall Street opens lower on renewed concerns over Fed’s independence, financial stocks dip

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Wall Street opens lower on renewed concerns over Fed’s independence, financial stocks dip

Key Highlights

Sources

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