It’s been just revealed that the payments stocks are also affected by the surge of covid 19, the disease triggered by the novel coronavirus that managed to change the world.
This has raised fears with the reintroduction of massive lockdowns and the end result could be a sharp decline in consumer activity.
Barrons. com notes the following in their relevant article:
“In the credit card space, Visa stock (ticker: V) fell 2.6% during Monday’s session and trading around flat on Tuesday. Mastercard (MA) declined 5.4% Monday but ticked up 0.2% Tuesday, while American Express (AXP) slipped 1.5% Monday and was down a further 1.5% on Tuesday.”
The three stocks each have fallen more than 5%.
Coronavirus in the news
The novel coronavirus continues to make headlines these days as the cases of covid 19 continue to surge all over the world.
The novel virus managed to change our lives and normality became a mere memory. Life will probably never go back to the one that we used to know and now, our lives are governed by fear and uncertainty.
Just the other day, we were revealing that a hard lockdown is taking place in Australia at the moment due to the rising covid cases. Check out the latest news below.
Take a look at this relevant tweet:
Hard lockdown.
Close contacts and positive cases to be transferred to quarantine facility.“We are grateful for the support of Australian Defense forces personnel as well as army trucks to assist with the transfer of positive cases and close contacts”
— hodlonaut ????⚡???? ???? (@hodlonaut) November 22, 2021
Health authorities in South Australia are racing to organize quarantine “camps” for Aboriginal people unable to quarantine at home.
The exact online publication notes that a tender issued by SA Health this week sought companies able to manage facilities in regional centers like Port Augusta, Port Lincoln, Renmark, and Mount Gambier in the event of an outbreak.
“It has been identified that facilities would be required for the quarantining of persons who would otherwise be unable to home quarantine due to their living circumstances,” the tender document states.
Check out our previous article in order to learn more news about this stringent issue.
