Biggest S&P 500 Movers on Friday

22 hr 21 min ago

Decliners

• Shares of payment processors moved lower after a report in The Wall Street Journal indicated that Walmart (WMT) and Amazon (AMZN) are considering issuing their own stablecoins, a move that could help the retail giants sidestep the interchange fees charged by credit-card providers. Shares of business payment solutions provider Corpay (CPAY) dropped 7.7%, falling the most of any S&P 500 stock, while shares of PayPal (PYPL), Visa (V), and Mastercard (MA) also declined.
• Analysts at Citi downgraded Sherwin-Williams (SHW) stock to “neutral” from “buy,” indicating that the persistence of high mortgage rates and softness in the housing market could weigh on the paint…