Mastercard stock slides as Europe urges Visa, Mastercard alternatives; jobs and CPI loom
Mastercard shares fell 2.4% Monday to $535.33, underperforming the broader U.S. market. The drop followed renewed calls in Europe to reduce reliance on U.S. card networks, highlighting fee and market power concerns. Visa slipped 1.8%, while American Express rose 0.1%. Investors await U.S. jobs and inflation data later this week.