Mastercard shares rally alongside broader market

Shares jumped $3.02, or 1.3 percent, to $235.15. Shares have traded between $120 and $320.30 in the last 12 months.

In recent weeks, investors have been worried that a slowing U.S. economy could pressure credit card companies. But Wall Street extended its advance Monday as the price of crude oil fell briefly below $113 a barrel.

A drop in oil is seen as a sign of easing inflation pressures on consumers.