Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.1%), and DJIA (-0.2%) now sit lower across the board. 

The financials sector (+0.1%) is one of just a handful of sectors that remains above its baseline this morning. 

Credit card names such as Synchrony Financial (SYF 81.06, +3.36, +4.32%), Capital One (COF 241.29, +4.32, +1.82%), and American Express (AXP 363.30, +5.92, +1.66%) are among the best-performing names today after sliding earlier this week following President Trump's call for a one-year 10% interest rate cap on credit cards. 

Earlier this morning, National Economic Council Director Kevin Hassett told Fox Business that he doesn't think a credit card cap will require legislation, as he hopes that the banks will voluntarily lower credit card interest rates.