Bank stocks fell at the opening of the US stock market, while the Nasdaq China Golden Dragon Index rose 1.6%

At the opening of the US stock market, the Dow Jones Industrial Average fell 300 points, the S&P 500 index fell 0.4%, and the Nasdaq fell 0.39%. Trump called for a 10% cap on credit card interest rates, causing bank stocks to fall, JPMorgan Chase to drop 2.2%, and Citigroup to fall 2.9%. The Nasdaq China Golden Dragon Index rose 1.6%, Kingsoft Cloud rose 16%, and Alibaba rose 4.9%.