Visa stock fall cuts more than 70 points off Dow price, following WSJ report of antitrust probe

Shares of Visa Inc. V,
-6.24%
it fell 4.9% in trading on Friday afternoon, setting them on track for the biggest one-day fall in nine months, after The Wall Street Journal reported that the U.S. Department of Justice was investigating whether the company engages in anticompetitive practices in the debit card market. Visa stockpiles DJIA Dow Jones Industrial Average,
-0.71%
refusal; the stock’s $ 10.84 price decline shakes around 71 points off the Dow price, which is down 152 points, or 0.5%. A WSJ report, citing people familiar with the case, said the Justice Department’s trust department was collecting information on whether Visa has a limited buyer’s ability to conduct debit card transactions over less secure card networks Visa slave. Visa stock has now lost 4.1% year to date, and competitor stock Mastercard Inc. has gone up 0.7% and the Dow has gained 6.9%.

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