US Stock Market Sees Decline: DJIA Falls 398 Points as JPMorgan and Visa Weigh on Financial Sector

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: Jan 13 2026

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Source: aastocks

US Inflation Impact: December inflation in the US was milder than expected, leading to declines in all three major stock indices, with the DJIA down 398 points, S&P 500 down 13 points, and Nasdaq down 24 points.
Bank Stocks Reaction: JPMorgan's stock fell 4.2% despite strong quarterly results, influenced by President Trump's proposal to cap credit card interest rates, which also negatively affected other financial stocks like Goldman Sachs, Mastercard, and Visa.
Positive Economic Indicator: The ISM Services PMI for December rose to 54.4, surpassing both the previous value of 52.6 and the forecast of 52.3, indicating growth in the services sector.
Tech Stock Performance: Intel was the best performer on the Nasdaq, rising 7.3%, while AMD increased by 6.4%. In contrast, Meta's stock dropped 1.7% following layoffs at Reality Labs.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.