Why American Express Is Trading Higher Today

Along with the broader market, American Express clawed back losses from last week. Shares of American Express (AXP 3.23%) traded approximately 4% higher as of 1:30 p.m. ET today, according to data from S&P Global Market Intelligence, as the market tried to claw back some of the losses incurred last week when the broader benchmark S&P 500 fell 1.7% and suffered its worst week since March of 2023. While there was no specific news about the company today, there are a few reasons to explain the movement. Keepin ...