V is trading at $311.31 (-3%) after Mexico's National Antitrust Commission rejected the company's planned acquisition of a 51% stake in payments processor Prosa.
- Regulators blocked the deal on February 20, citing market dominance concerns, which removes a significant strategic growth opportunity in the Latin American market.
- Broader market weakness is also weighing on the stock, with the S&P 500 and Dow falling 0.72% and 1.30% respectively amid tariff uncertainty.
- While macroeconomic factors are pressuring the financial sector, the Prosa rejection is the primary catalyst for the steeper decline in Visa shares.