Visa Inc.’s stock (V) dove 5.6% toward a nine-month low in morning trading Wednesday, enough to pace the Dow Jones Industrial Average and S&P 500 in losses, after Amazon.com Inc. (AMZN) said it will stop accepting Visa credit cards issued in the U.K next year. Visa stock’s price drop of $11.96 was cutting about 79 points off the Dow’s price, while the Dow dropped 173 points, or 0.5%. The stock, currently on track to close at the lowest price since Feb. 3, has shed 7.1% year to date, while the Dow has gained 17.5%.
(END) Dow Jones Newswires
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