Visa (NYSE: V) was falling on Tuesday, down as much as 2.6% on the day. As of 3 p.m. ET it had bounced back a bit and was down 1.2%. The stock was trading at approximately $241 per share at 3 p.m. ET, up about 16.2% year to date.
The major markets were all up on Tuesday as the S 500 index was up 32 points, or 0.7%; the Dow Jones Industrial Average climbed 363 points, or 1.1%; and the Nasdaq Composite gained 126 points, or 0.9%, as of 3 p.m. ET.
The primary catalyst for Visa, the world's largest payment processor, was the U.S. Commerce Department's retail sales report for June.
Source Fool.com