StockWatch: AMEX Rallies as Economy Rebounds!
American Express topped estimates as the company benefited from an acceleration in consumer spending.
The downturn in travel and entertainment sectors that had been hit hard earlier in the pandemic are seemingly recovering.
Shares of American Express have added 9.5% over the past three months. And that has also benefitted the Dow Jones Industrial Average.
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- AXP 02:05
- V 03:45