The stock market declined on Monday as investors weighed a sharp increase in oil prices, escalating geopolitical tensions in the Middle East, and renewed concerns that rising energy costs could fuel inflation. Meanwhile, a steep sell-off in semiconductor stocks further dampened investor sentiment.
Overall, S&P 500 fell 0.8% to 7,515, while Nasdaq dropped 1.6% to 25,873.
Chart of the Day
Here is the one-year chart of MasterCard (MA) as of June 3, 2026, when the stock was at $472.
Last quarter, MasterCard reported excellent profit growth of 25% on a plump 16% increase in revenue. This was driven primarily by both higher transaction volumes (+7%) across its global payment network as well as good revenue growth across value-added services & solutions (+22%).
Despite its solid results, MA stock has fallen to a 52-week low of $472. Investors fear AI technologies could fundamentally disrupt traditional payment networks like MasterCard.
Meanwhile, to strengthen its digital asset capabilities, MasterCard continues to support stablecoin settlement and plans to acquire BVNK, whose platform enables businesses send, receive, hold and convert stablecoins. The transaction, which is anticipated to close before the end of the year, would strengthen MasterCard’s position in the emerging stablecoin payments ecosystem and effectively expand its payment network.
MA is part of the Conservative Portfolio, the Focus List, and the Growth Portfolio.
