Stock Market Update
22-Jan-26 12:35 ET
Major averages charting session highs
Dow +519.08
at 49595.10,
Nasdaq +258.90
at 23483.75,
S&P +56.43
at 6932.04
[BRIEFING.COM] The S&P 500 (+0.8%), Nasdaq Composite (+1.1%), and DJIA (+1.1%) continue to chart session highs shortly after midday.
Shares of JPMorgan Chase (JPM 306.12, +4.08, +1.35%) have dipped from earlier session highs after Fox Business reported that President Trump has filed a $5 billion lawsuit against the company and CEO Jamie Dimon over alleged politically motivated debanking.
Elsewhere in the financials sector (+0.9%), Bloomberg reports that Bank of America (BAC 52.98, +0.90, +1.74%) and Citigroup (C 115.67, +1.81, +1.59%) are considering credit card options with a 10% interest rate amid President Trump's recent call for a one-year 10% cap on credit card interest rates.
