Mastercard Incorporated (MA)

Shares of Mastercard Incorporated (MA) dropped by 5.62% from $386.31 to $364.59 in the trading on Thursday, October 26, 2023. The reason why MA stock down is due to weaker third-quarter revenue. Investors became concerned when Mastercard reported a growth slowdown in October, despite a 15% increase in switched transactions during the third quarter. The slowdown was attributed to factors like tougher year-over-year comparisons, timing differences in Social Security payments, and the strengthening U.S. dollar.