U.S. Stock Market Midday Update
Affirm rose 7.18%, with increased trading volume. Based on recent important news:
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On August 22, Affirm's total transaction volume on the platform increased by 45%, with active customers reaching 21.9 million, driving the stock price up by 7.18%.
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On August 20, JP Morgan raised Affirm's target stock price to $91, boosting market confidence.
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On August 21, the CEO and CFO sold company common stock, attracting market attention.
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Stocks with High Trading Volume in the Industry
Visa rose 1.73%, with increased trading volume. Based on recent important news:
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On August 22, Visa announced it would abandon its open banking business in the U.S. due to escalating data access disputes, causing the stock price to rise by 1.73%.
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On August 21, Visa recruited a blockchain data analyst, indicating its expansion plans in the cryptocurrency sector, boosting market confidence.
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On August 21, Visa faced a new antitrust lawsuit; nevertheless, the market remains optimistic about its long-term growth potential.
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Mastercard rose 0.89%, with increased trading volume. Based on recent important news:
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On August 22, Mastercard partnered with Chainlink to facilitate fiat entry into the cryptocurrency market, enhancing user experience, leading to a 0.89% increase in stock price.
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On August 22, analysts maintained a buy rating, raising the target price to $690, which bolstered market confidence.
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On August 21, Mastercard collaborated with Citibank to offer exclusive benefits to cardholders, enhancing brand appeal.
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Block rose 5.74%, with increased trading volume. Based on recent important news:
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On August 22, Truist Securities raised Block's target price from $65 to $70, driving the stock price up by 5.74%.
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On August 20, Block's technology head Prasanna Dhananjay sold company common stock, attracting market attention.
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On August 22, market analysis showed that Block was not listed as a top recommended stock, despite being rated as a moderate buy.
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Stocks with High Market Capitalization in the Industry
Fiserv fell 1.04%, with increased trading volume. Based on recent key news:
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On August 22, Mizuho lowered Fiserv's target price from $194 to $165 and maintained an &#34;outperform&#34; rating. This was due to the company lowering its organic growth guidance for the second quarter, leading to a drop in stock price.
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On August 22, Faruqi &amp; Faruqi law firm encouraged investors who purchased or acquired Fiserv securities between July 24, 2024, and July 22, 2025, to contact them to discuss legal options, increasing market uncertainty
On August 20th, Josh Wilson, a securities litigation partner at Faruq &amp; Faruq LLP, urged Fiserv investors who have suffered losses exceeding $75,000 to contact him directly to discuss options, further intensifying market concerns
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AFRM

Affirm rose 7.18%; Visa rose 1.73%, with a transaction volume of USD 876 million; Mastercard rose 0.89%, with a transaction volume of USD 767 million; Block rose 5.74%, with a transaction volume of USD 551 million; Fiserv fell 1.04%, with a market value of USD 75.3 billion

U.S. stock market update: Affirm up 7.18%