The stock market closed mixed on Friday, as S&P 500 fell 0.4% to 7,562 and Nasdaq slid 0.9% to 25,136. Semiconductor and AI-related stocks experienced selling pressure.
Notable stocks for today include Meta Platforms (META) +3% and Eli Lilly (LLY) +1%. Meanwhile, NVIDIA (NVDA) remained under pressure as the stock dropped 2%.
Chart of the Day
Here is the one-year chart of Visa (V) as of November 3, 2026, when the stock was at $422.
Visa stock has moved up from $320 to $422 (+32%) the past two quarters as concerns about AI chipping into Visa’s business were overblown. The company delivered its usual 17% profit growth last quarter as revenue increased a solid 13%.
Moving forward, AI is becoming a key growth opportunity for Visa, driving innovation in secure agentic commerce, fraud detection, risk management and operational efficiency. Visa’s pending $2.4 billion acquisition of BioCatch will strengthen its AI-powered fraud prevention and cybersecurity capabilities. BioCatch uses behavioral biometrics and digital signals to detect scams, account takeovers and suspicious activity, protecting approximately 760 million users across 1.8 billion devices and serving more than 350 financial institutions. The deal is expected to close by the first quarter of 2027.
Visa is part of the Conservative Growth Portfolio and Growth Portfolio. With money flowing out of AI stocks, and into financial transaction stocks, V is a good place for investors to put their money.
