What happened?
Shares of various financial tech and e-commerce companies have jumped today after Visa (NYSE:V) disclosed some encouraging data regarding U.S. payments volumes, spurring hopes that the economy is starting to recover. That's good news for financial companies that process payments and issue credit cards as well as e-commerce companies that sell consumer-discretionary items online. Here's how several prominent stocks closed out the day:
- Overstock (NASDAQ:OSTK): up 12%.
- Discover Financial (NYSE:DFS): up 5%.
- Square (NYSE:SQ): up 6%.
- Capital One Financial (NYSE:COF): up 3%
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