New Delhi, Jan. 12 -- Major US stock indices edged lower on Monday after the Donald Trump administration renewed attacks on the Federal Reserve, stoking fresh worries about the central bank's autonomy.

Financial stocks declined following a proposed one-year cap on credit-card interest rates.

As of 10 a.m. Eastern Time, the S&P 500 edged down by 0.1%, the Dow Jones Industrial Average was down 0.4%, and the Nasdaq Composite was nearly flat.

At the open, the Dow Jones Industrial Average fell 4.4 points, or 0.01%, to 49499.67. The S&P 500 fell 22.2 points, or 0.32%, to 6944.12, while the Nasdaq Composite dropped 94.5 points, or 0.40%, to 23576.877.

In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.18% late on Frid...