Here's Why Visa Is Plunging on Wednesday

Here's Why Visa Is Plunging on Wednesday

The stock market was broadly lower on Wednesday morning, with all three major averages down by nearly 3% as of 10:45 a.m. EDT. Visa (NYSE: V) was having a particularly rough day, down more than 5%. Typically Visa is less volatile than most other fintech stocks, and it also has held up much better than most of the financial sector during the COVID-19 pandemic.