Why American Express Stock Flew Higher on Friday
American Express (NYSE: AXP) stock rallied in late-session action on Friday to close the day higher in price. While there was no direct news sending the share price up, general optimism on stocks and the economy helped lift Amex into positive territory. It did better on the day than the S&P 500 index, which essentially traded sideways.Credit card companies were a bit in the spotlight that day, thanks to an article in The Wall Street Journal about Amex's rival, ambitious financial services company Capital One Financial. Image source: Getty Images.Continue reading
American Express (NYSE: AXP) stock rallied in late-session action on Friday to close the day higher in price. While there was no direct news sending the share price up, general optimism on stocks and the economy helped lift Amex into positive territory. It did better on the day than the S&P 500 index, which essentially traded sideways.
Credit card companies were a bit in the spotlight that day, thanks to an article in The Wall Street Journal about Amex's rival, ambitious financial services company Capital One Financial.
Image source: Getty Images.
