Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.9%), Nasdaq Composite (-1.4%), and DJIA (-0.3%) remain little changed from previous values as the market enters the final hour of the session. 

President Trump's call for a one-year 10% cap on credit card interest rates has sent credit card and banking names lower this week. Bank of America (BAC 52.48, -2.06, -3.77%) CEO Brian Moynihan said in a CNBC interview, "If interest rates are capped, credit availability will shrink; only individuals with credit scores above 700 can have interest rates below 10%."

Visa (V 328.84, +0.96, +0.29%) and Mastercard (MA 546.54, +1.55, +0.28%) hold modest gains after facing sharp retreats yesterday.