Visa Stock Pulls Back as Monopoly Lawsuit Looms

Visa Inc (NYSE:V) stock is dragging the Dow today, last seen down 4.1% to trade at $276.82. Per a Bloomberg report, the Department of Justice's (DoJ) antitrust division plans to file a monopoly lawsuit against the credit card giant's debit card business. The DoJ plans to contend Visa penalizes customers trying to use competing services for payment processing. This is poised to be Visa stock's worst single-session decline since May 2022. The shares hit a Sept. 17, record high of $293.07, but are now testing ...