Why Mastercard Stock Was a Winner on Wednesday
Shares of payment-card titan Mastercard (NYSE: MA) outpaced the broader stock market on Wednesday. The company's stock notched a 2.9% gain on the day, beating the 2.2% rise of the S&P 500 index.
The well-capitalized company is an important component of the S&P 500 and often moves in concert with it. Its index-beating performance Wednesday is related to a fresh piece of company news.
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Source Fool.com
