TechFlow news, January 12 — At the opening of US stocks, the Dow fell 300 points, the S&P 500 dropped 0.4%, and the Nasdaq declined 0.39%, according to Jinshi Data. Trump called for a cap on credit card interest rates at 10%, dragging down bank shares—JPMorgan Chase (JPM.N) fell 2.2% and Citigroup (C.N) dropped 2.9%. The NASDAQ Golden Dragon China Index rose 1.6%, with Kingsoft Cloud (KC.O) surging 16% and Alibaba (BABA.N) up 4.9%.
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