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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 -1.25% 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 -0.95% . 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 -2.13% down 3.5%, Square Inc. /zigman2/quotes/205989440/composite SQ -4.65% shedding 3.2% and PayPal Holdings Inc. /zigman2/quotes/208054269/composite PYPL -2.33% losing 4.5%. Elsewhere, American Express Co.'s stock slipped 0.4% and Fiserv Inc. shares /zigman2/quotes/204817680/composite FISV -0.49% shed 2.2%.

/zigman2/quotes/203660239/composite
US : U.S.: NYSE
$ 175.71
-2.23 -1.25%
Volume: 6.31M
Oct. 18, 2019 6:30p
P/E Ratio
34.98
Dividend Yield
0.57%
Market Cap
$381.79 billion
Rev. per Employee
$1.25M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,770.20
-255.68 -0.95%
Volume: 293.61M
Oct. 18, 2019 5:08p
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/zigman2/quotes/207581792/composite
US : U.S.: NYSE
$ 270.63
-5.88 -2.13%
Volume: 4.05M
Oct. 18, 2019 6:30p
P/E Ratio
41.71
Dividend Yield
0.49%
Market Cap
$274.57 billion
Rev. per Employee
$1.01M
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/zigman2/quotes/205989440/composite
US : U.S.: NYSE
$ 60.45
-2.95 -4.65%
Volume: 7.91M
Oct. 18, 2019 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$25.82 billion
Rev. per Employee
$984,824
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/zigman2/quotes/208054269/composite
US : U.S.: Nasdaq
$ 101.22
-2.41 -2.33%
Volume: 7.26M
Oct. 18, 2019 4:00p
P/E Ratio
48.13
Dividend Yield
N/A
Market Cap
$119.10 billion
Rev. per Employee
$710,138
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/zigman2/quotes/204817680/composite
US : U.S.: Nasdaq
$ 105.67
-0.52 -0.49%
Volume: 4.54M
Oct. 18, 2019 4:00p
P/E Ratio
44.37
Dividend Yield
N/A
Market Cap
$41.53 billion
Rev. per Employee
$242,625
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