AmEx Stock Jumps Back Above Buy Point As Earnings Reveal This Trend Among Luxury Shoppers

Group 1 - American Express (AXP) exceeded Wall Street expectations and raised its outlook due to a rebound in upscale shopping, indicating no imminent slowdown in consumer spending [1] - The company reported earnings of $4.14 per share in the third quarter, marking a 19% year-over-year increase [1] - Revenue for American Express climbed 11% compared to the previous year [1] Group 2 - The stock of American Express approached an all-time high, regaining a buy point in the market [1] - The overall stock market showed mixed results following the Fed rate cut, with futures rallying [2]