Why Visa and Mastercard Shares Just Hit Their All-Time Highs

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Visa (NYSE: V) and Mastercard (NYSE: MA), the two largest payment-processing companies in the world, both saw their stock prices hit new all-time highs on Monday on more positive reopening and stimulus news.

At one point earlier in the day, Mastercard saw its stock rise as much as 6%, and at the time of writing trades around $373. Shares of Visa rose as much as 5% today and currently trade around $222.

So what

Over the weekend, the U.S. Senate approved President Joe Biden’s $1.9 trillion stimulus bill, all but guaranteeing it will be passed into law.

Also today, the Centers for Disease Control and…