New York, Feb 2, 2026, 11:32 AM EST — Regular session
- Visa shares climbed roughly 3% in late-morning trading in New York, leading gains among payments stocks.
- The move boosted the Dow significantly, thanks to its price-weighted structure.
- Investors are gearing up for a packed week of U.S. economic data, with Friday’s jobs report drawing the most attention.
Visa Inc shares climbed roughly 3.2% to near $332 on Monday, making the payments giant one of the best performers on the Dow during late-morning trading. (Visa)
This is important since the Dow is price-weighted—meaning a bigger dollar move in one stock impacts the index more than in market-cap weighted ones. Early gains in Visa and Caterpillar made up a significant portion of the Dow’s jump, according to Dow Jones Market Data. (MarketWatch)
The push to buy big, liquid stocks came amid jitters over a new commodity shock and a busy slate of earnings reports and U.S. data. “There’s a ripple effect in stocks,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. (Reuters)
Manufacturing stood out on the tape. The Institute for Supply Management’s manufacturing PMI climbed to 52.6 in January, marking its strongest level since August 2022 and signaling expansion, as readings above 50 indicate, Reuters reported. (Reuters)
Payment stocks mostly edged higher, with Visa out in front. Mastercard gained roughly 1.8%, American Express barely moved, and PayPal saw a slight uptick.
Investors keep a close eye on Visa’s network data for a real-time snapshot of consumer and business spending, travel included. Last week, the company beat quarterly estimates, buoyed by robust card use over the holiday season, according to a Reuters report. (Reuters)
Regulation may have receded from the headlines, but it’s still very much on the agenda. The Bank of England announced plans to consult in the coming months on new methods to ease electronic payments without relying on debit or credit cards. Deputy Governor Sarah Breeden emphasized the goal: giving consumers the option to pay “directly out of their bank accounts” alongside existing card schemes. (Reuters)
But things can swing the other way too. Tepid U.S. data might revive concerns over consumer demand, and new policy changes — whether on payment regulations or wider market turbulence — can swiftly dent sentiment, even if the core business remains stable.
On Friday, Feb. 6 at 8:30 a.m. ET, the U.S. will release its January “Employment Situation” report—a key data point that frequently shifts rate expectations and consumer spending forecasts all at once. (Bls)
