US Stocks Fall as Financials Decline on Rate Cap Concerns and Inflation Worries
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US Stocks Fall as Financials Decline on Rate Cap Concerns and Inflation Worries

U.S. stock indexes declined Tuesday, with the S&P 500 banking index falling approximately 1%. JPMorgan Chase's shares dropped 2.5% despite better-than-expected quarterly profits, as investment banking fees decreased and a proposed credit card interest rate cap raised concerns. Visa and Mastercard also saw significant share price declines. Investors continued to rotate from growth stocks into other sectors, seeking value amidst potential inflation and ongoing discussions about interest rate cuts.

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