U.S. Stocks Fall on Earnings and Credit Card Rate Cap Concerns; Indian Markets Weaken

U.S. stock markets declined following mixed corporate earnings and concerns over President Trump's proposed 10% cap on credit card interest rates, which could impact financial sector profits and consumers. JPMorgan Chase reported weaker-than-expected results, contributing to financial shares' losses alongside declines in Visa and Mastercard. Despite inflation data meeting forecasts and hopes for Federal Reserve rate cuts, investor sentiment remained cautious amid geopolitical tensions and trade uncertainties. Indian markets also fell, influenced by U.S. tariff worries and foreign investor outflows, despite some sectoral gains and stable inflation.