Why American Express Stock Bumped Higher on Monday
With news of upcoming changes to its most popular product, American Express (NYSE: AXP) was a winner on the stock market as the trading week began. The company's shares increased more than 2% in value on Monday, more than double the 0.9% percentage gain of the S&P 500 (SNPINDEX: ^GSPC).Before market open, AmEx announced a series of major updates to its premium Platinum Card, a bonus-packed card that is its No. 1 product. Image source: Getty Images.Continue reading
With news of upcoming changes to its most popular product, American Express (NYSE: AXP) was a winner on the stock market as the trading week began. The company's shares increased more than 2% in value on Monday, more than double the 0.9% percentage gain of the S&P 500 (SNPINDEX: ^GSPC).
Before market open, AmEx announced a series of major updates to its premium Platinum Card, a bonus-packed card that is its No. 1 product.
Image source: Getty Images.
