Stock Market Today: S&P 500 Retreats After Touching Bull-Market Territory

Nasdaq Composite drops; Dow industrials wobble

Last Updated:

Jun. 7, 2023 at 2:15 PM EDT

Updated 1 hour ago

Visa, Mastercard Stocks Fall After Report of Planned Fee Legislation

WSJ Staff

Shares of Visa and Mastercard fell Wednesday after the Journal reported that lawmakers plan to re-up proposed legislation that would give merchants the power to process many credit cards over different networks.

Shares of both companies were recently down about 2%, outpacing moves in broader markets. A new bill could be introduced this week, the Journal reported. Read more about this story here.

Visa Inc. Cl A

V (U.S.: NYSE)

Mastercard Inc.

MA (U.S.: NYSE)