297.00 -5.89 (-1.94%)
Pre-Market: 5:16AM EST
|Bid||295.80 x 800|
|Ask||304.98 x 900|
|Day's Range||300.76 - 323.23|
|52 Week Range||215.93 - 347.25|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||38.15|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||1.60 (0.49%)|
|Ex-Dividend Date||Apr 07, 2020|
|1y Target Est||359.44|
Block will remain as an advisor to CEO Marc Benioff.
Mastercard warned that the coronavirus will take a toll on Q1 and full-year revenue. Really speaks to depressed consumer spending. MA plunges through 50-day line – other payment stocks hit hard. Mastercard is a long-term leader. On monthly basis, still looks OK. See how it holds up in weak market.
The U.S. stock market rally is starting to unravel, with a period of historic gains coming to a screeching halt, as fears the coronavirus epidemic may reach America rattles Wall Street.
Early gains in the stock market evaporated, and all three major indexes closed deep in the red on Tuesday, following Monday’s steep losses.
The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth straight day of losses as the coronavirus spread further around the world and investors offloaded risky assets as they struggled to gauge the economic impact. Both averages recorded their biggest four-day percentage losses since the massive sell-off in December 2018, while U.S. 10-year Treasury yields hit a record low.. In the United States, the Centers for Disease Control and Prevention said Americans should prepare for possible community spread of the virus.
An official at the Centers for Disease Control and Prevention (CDC) on Tuesday said Americans should prepare for COVID-19 to spread in their communities and cause disruption after Iran, Italy and South Korea reported a rapid uptick in the number of people who have been sickened.
The stock market sold off for a second straight day, with major indexes losing around 3% each. Some top-rated stocks made sell signals.
Stocks recorded one of their biggest back-to-back losses on Tuesday as the COVID-19 outbreak rattled investors that fear the impact of the virus is spreading rapidly outside of China. The S&P 500 slid 3% to end around 3,128. The Dow Jones Industrial Average shed 879 points, or 3.1%, to finish near 27,082, based on preliminary estimates. The blue-chip index booked its biggest two-day point drop in history, after falling 1031.61 points on Monday. The Nasdaq Composite retreated 2.8% to end around 8,966. All three major equity indexes are negative year-to-date. More analysts now projecting a first-quarter economic hit to the U.S., as companies warn that disrupted supply chains and shrinking consumer demand in China could weigh on their profits and ability to deliver goods. The Centers for Disease Control said Tuesday Americans should start preparing for potential disruptions due to the coronavirus. The 10-year Treasury note yield also set a record low of 1.31% on Tuesday. Bond prices move in the opposite direction of yields. In company news, shares of Mastercard Incorporated fell nearly 7% after the company said on Monday that the COVID-19 outbreak could hurt sales.
The Dow Jones fell another 800 points on Tuesday, after Monday's 1,000 point drop. Visa stock and UnitedHealth stock were among the worst Dow performers.
Wall Street's three major stock indexes fell 3% on Tuesday as the coronavirus spread further around the world and investors clamored for safety a day after the S&P 500's and the Dow Industrials' biggest daily declines in two years. After U.S. stocks started the session with an attempt to rebound, they were quickly rebuffed and losses deepened as the day wore on and U.S. 10-year Treasury yields hit a record low on strong demand for safer bets. Strategists struggled to estimate the economic impact of the virus as it spread to Spain and dozens of countries from South Korea to Italy accelerated emergency measures.
Wall Street's three major stock indexes fell almost 2% on Tuesday as the coronavirus spread further around the world and officials described it as "a rapidly escalating epidemic," a day after the S&P 500 and the Dow Industrials' biggest daily decline in two years. Also, the Associated Press reported https://apnews.com/58043910be7bdc6818344bdee2096bc2 that a senior member of the International Olympic Committee said organizers are more likely to cancel the 2020 Olympics than to postpone or move it if coronavirus makes it too dangerous to hold in Tokyo. The U.S. Centers for Disease Control and Prevention said Americans should prepare for possible community spread of coronavirus.
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Wall Street added to losses on Tuesday with its three major stock indexes falling 1%, after officials said the coronavirus was "a rapidly escalating epidemic," a day after virus worries sent the S&P 500 and the Dow Industrials to their biggest daily declines in two years. U.S. stock indexes were on track for a fourth day of losses, with fears of a pandemic knocking off more than 3% on Monday after a flare-up of infections in several countries. As of Monday's close, the S&P 500 and the Dow Jones Industrials had erased their gains for the year-to-date.
India-born Banga will take on the role of executive chairman, while Miebach will become the company's president on March 1. Chairman Richard Haythornthwaite will retire after more than a decade when Banga assumes his new role, the company said in a statement. Before joining Mastercard as president of Middle East and Africa in 2010, Miebach served as managing director at Barclays Bank and general manager at Citibank.
Mastercard (MA) expects to see sluggish 2020 revenues due to the coronavirus outbreak, which is likely to adversely impact its cross-border business.
U.S. stock indexes ticked slightly higher on Tuesday as investors dipped their toes in the water a day after worries about the the worldwide spread of the coronavirus sent the S&P 500 and the Dow Industrials to their biggest daily declines in two years. Department store operator Macy's Inc also fell 1% even after a smaller-than-expected drop in quarterly same-store sales.
Stocks rose modestly major indexes dived Monday on coronavirus fears. Apple, Tesla and AMD recouped some losses. Mastercard and Tandem Diabetes fell while Moderna soared.
Investors tempted to buy Monday’s brutal stock selloff need to bear this one big level in mind, says our call of the day.
U.S. stocks opened higher on Tuesday as the Dow and the S&P 500 tried to recover from their worst day in about two years, fueled by worries about the spread of the COVID-19, the deadly infectious disease derived from the novel strain of coronavirus that reportedly originated in Wuhan, China last year. The Dow Jones Industrial Average rose 155 points, or 0.6%, at 28,121, the S&P 500 index climbed 17 points, or 0.5%, at 3,243 and the Nasdaq Composite Index advanced 92 points, or 1%, at 9,313. A number of companies continue to indicate that they will be impacted by the virus, including Mastercard Inc. and United Airlines Holdings Inc. , which both said that they the epidemic could affect their coming quarterly results. Tuesday's trade for the market comes after On Monday, the Dow shed 1,031.60 points, or 3.6%, to settle at 27,960.80, while the S&P 500 slumped 111.86 points, or 3.4%, to close at 3,225.89 - the biggest one-day percentage falls for both indexes since Feb. 8, 2018.
U.S. stock index futures edged higher on Tuesday, helped by a slate of positive earnings, a day after the S&P 500 and the Dow Industrials logged their worst session in two years on worries over the worldwide spread of the virus. Shares of Dow-member Home Depot Inc rose 2.5% in premarket trading after the home improvement chain beat quarterly sales and profit estimates. Another upbeat report in the retail space was from department store operator Macy's Inc, which jumped more than 5% after a smaller-than-expected drop in quarterly same-store sales.
Mastercard Inc. announced Tuesday morning that Chief Executive Ajay Banga will be stepping down from the top job at Mastercard as of Jan. 1, 2021 and assuming the role of executive chairman. Chief Product Officer Michael Miebach has been elected the new CEO by Mastercard's board. He will take over that role on Jan. 1, 2021 and assume the role of president on March 1, 2020. "While the news is surprising and bittersweet given the admirable job Mr. Banga has done leading the company over the past 10+ years, Mr. Miebach has a solid track record, and we believe he is well-suited for the CEO role given his broad-based experience at the company," Keefe, Bruyette & Woods analyst Sanjay Sakhrani wrote in a note to clients. Mastercard shares are off 1.8% in premarket trading Tuesday after the company lowered its revenue forecast late Monday due to the coronavirus. the stock has added 13% over the past three months, while the S&P 500 has ticked up 2.9% in that span.