New York, Feb 2, 2026, 12:47 PM EST — Regular session
- Mastercard shares climbed roughly 2% by midday trading
- The U.S. jobs report scheduled for Friday won’t be released because of the partial government shutdown
- Traders are eyeing a House vote and the Fed minutes for fresh direction
Mastercard shares gained $10.57, or 2.0%, to trade at $549.36 by midday Monday, after fluctuating between $536.30 and $551.34 earlier in the session.
This matters since card networks often act as a swift barometer for spending, particularly travel, during times of economic uncertainty. When data gets murky, these stocks can jump sharply on headlines alone—not just earnings reports.
Risk increased Monday after the Bureau of Labor Statistics announced it won’t publish the January employment report Friday as planned due to the partial federal government shutdown. The release, originally set for 8:30 a.m. ET, has been postponed. (MarketScreener)
Peers showed a mixed picture, though the mood leaned mostly firm. Visa climbed roughly 3.2%, while American Express held steady with minimal movement.
In Washington, the U.S. House of Representatives is pushing legislation aimed at ending the partial shutdown, with a vote slated for Tuesday, Reuters reported. (Reuters)
Mastercard’s recent earnings and cost restructuring remain front and center. The company posted adjusted earnings of $4.76 per share on $8.81 billion in revenue, beating expectations. It also announced plans to cut about 4% of its workforce, with CEO Michael Miebach noting the review will “result in reductions in some areas and roles.” Additionally, Mastercard expects a one-time restructuring charge of around $200 million linked to these changes. (Reuters)
A filing on Mastercard’s investor site revealed the company submitted an 8-K dated Jan. 29 to the SEC, along with its earnings release documents. (Mastercard Investor Relations)
Regulators are turning their attention to payment systems. The Bank of England announced plans to consult on alternatives to debit and credit cards for electronic payments. Deputy Governor Sarah Breeden emphasized options that allow payments “directly out of their bank accounts.” (Reuters)
Mastercard isn’t operating in isolation. Should the shutdown stretch out and more earnings miss expectations, investors might focus more on subtle indicators like card spending proxies, which tend to magnify daily fluctuations. A steeper drop in travel would hit cross-border fees too, a usually more lucrative part of the network’s income.
Mark your calendar for Feb. 18, when the Federal Reserve will release the minutes from its Jan. 27–28 meeting at 2 p.m. ET. (Federal Reserve)
