Visa's stock drop cuts more than 70 points off the Dow's price, after WSJ report of antitrust probe

Shares of Visa Inc. sank 4.9% in afternoon trading Friday, putting them on track for the biggest one-day drop in nine months, after The Wall Street Journal reported that the U.S. Justice Department was investigating whether the company is engaging in anticompetitive practices in the debit-card market. Visa's stock is pacing the Dow Jones Industrial Average's decliners; the stock's $10.84 price declines is shaving about 71 points off the Dow's price, which is down 152 points, or 0.5%. The WSJ report, citing people familiar with the matter, said the Justice Department's antitrust division was gathering information on whether Visa has limited merchants' ability to route debit-card transactions over card networks that are less expensive than Visa's. Visa's stock has now shed 4.1% year to date, while rival Mastercard Inc.'s stock has edged up 0.7% and the Dow has gained 6.9%.

Visa's stock drop cuts more than 70 points off the Dow's price, after WSJ report of antitrust probe

Portions of Visa Inc. sank 4.9% in evening time exchanging Friday, putting them on target for the greatest one-day drop in nine months, after The Wall Street Journal announced that the U.S. Equity Department was exploring whether the organization is participating in anticompetitive practices in the charge card market. Visa's stock is pacing the Dow Jones Industrial Average's decliners; the stock's $10.84 value decreases is shaving around 71 focuses off the Dow's value, which is down 152 focuses, or 0.5%. The WSJ report, refering to individuals acquainted with the matter, said the Justice Department's antitrust division was gathering data on whether Visa has restricted traders' capacity to course check card exchanges over card networks that are more affordable than Visa's. Visa's stock has now shed 4.1% year to date, while equal Mastercard Inc's. stock has edged up 0.7% and the Dow has acquired 6.9%.