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Sept. 9, 2019, 2:05 p.m. EDT

Visa stock the biggest drag on the Dow, as payments sector suffers broad decline

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By Tomi Kilgore

Shares of Visa Inc. /zigman2/quotes/203660239/composite V -1.61% swung into negative territory Monday, to pull back sharply from a record high, and to be the biggest drag on the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.57% . The stock was up as much as 0.7% at an intraday high of $187.05, which would have put it on track for a third-straight record close, but pulled a U-turn to be down $5.94, or 3.2% at $179.80 in afternoon trading. The price decline shaves about 40 points off the Dow's price, which was up 16 points. Shares of some of Visa's payments peers also fell, with shares of Mastercard Inc. /zigman2/quotes/207581792/composite MA -2.44% down 3.5%, Square Inc. /zigman2/quotes/205989440/composite SQ -0.13% shedding 3.2% and PayPal Holdings Inc. /zigman2/quotes/208054269/composite PYPL -1.49% losing 4.5%. Elsewhere, American Express Co.'s stock slipped 0.4% and Fiserv Inc. shares /zigman2/quotes/204817680/composite FISV -1.27% shed 2.2%.

/zigman2/quotes/203660239/composite
US : U.S.: NYSE
$ 201.69
-3.31 -1.61%
Volume: 7.20M
Jan. 27, 2020 6:30p
P/E Ratio
39.33
Dividend Yield
0.59%
Market Cap
$360.06 billion
Rev. per Employee
$1.25M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,535.80
-453.93 -1.57%
Volume: 337.27M
Jan. 27, 2020 4:56p
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/zigman2/quotes/207581792/composite
US : U.S.: NYSE
$ 315.77
-7.90 -2.44%
Volume: 4.37M
Jan. 27, 2020 6:30p
P/E Ratio
46.87
Dividend Yield
0.51%
Market Cap
$326.41 billion
Rev. per Employee
$1.01M
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/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 71.05
-0.09 -0.13%
Volume: 11.09M
Jan. 27, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$30.25 billion
Rev. per Employee
$984,824
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/zigman2/quotes/208054269/composite
US : U.S.: Nasdaq
$ 115.24
-1.74 -1.49%
Volume: 7.00M
Jan. 27, 2020 4:00p
P/E Ratio
54.05
Dividend Yield
N/A
Market Cap
$137.36 billion
Rev. per Employee
$710,138
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/zigman2/quotes/204817680/composite
US : U.S.: Nasdaq
$ 119.30
-1.54 -1.27%
Volume: 1.65M
Jan. 27, 2020 4:00p
P/E Ratio
55.14
Dividend Yield
N/A
Market Cap
$82.16 billion
Rev. per Employee
$242,625
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