Visa Inc.’s stock V, -1.21% dove 5.6% toward a nine-month low in morning trading Wednesday, enough to pace the Dow Jones Industrial Average DJIA, -0.75% and S&P 500 SPX, -0.14% in losses, after Amazon.com Inc. AMZN, -0.53% said it will stop accepting Visa credit cards issued in the U.K. next year.
Visa stock’s price drop of $11.96 was cutting about 79 points off the Dow’s price, while the Dow dropped 173 points, or 0.5%. The stock, currently on track to close at the lowest price since Feb. 3, has shed 7.1% year to date, while the Dow has gained 17.5%.