Mastercard stock slips as Europe talks up card alternatives and U.S. data week looms
Mastercard shares dropped 2.3% to $536.31 in midday New York trading Monday, with Visa down 2.0%. The declines came ahead of key U.S. payrolls and inflation data due this week. A European payments executive called for urgent action on alternatives to U.S. card networks. The S&P 500 and Nasdaq edged higher while the Dow slipped.