Stocks Rise as Credit Card Shares Slip on Trump Rate Cap Talk | The Close 1/12/2026
The news article discusses the performance of the stock market, with a focus on credit card shares slipping due to talks of a potential interest rate cap by the Trump administration. The article features insights from various industry experts and analysts, including former Federal Reserve Governor Betsy Duke, GE HealthCare's Peter Arduini, and experts from financial institutions like Morgan Stanley, Blackrock, and PGIM. The article highlights the overall rise in stock prices, despite the decline in credit card shares. It suggests that the potential interest rate cap on credit cards could have a significant impact on the industry. The article also covers discussions on broader economic trends and the performance of various sectors, such as healthcare and animal health.
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