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American Express shares continue upward trend amid mixed market

EditorPollock Mondal
Published 11/07/2023, 02:24 AM
© Reuters.

American Express Co.'s (NYSE:AXP) shares enjoyed a modest rise of 0.15% to $152.99 on Monday, marking the continuation of a six-day winning streak in an otherwise mixed market. This subtle increase coincided with slight gains in major indices, as the S&P 500 Index (SPX) and the Dow Jones Industrial Average (DJIA) climbed 0.18% and 0.10% respectively.

Despite this positive trend, AXP's share price remains $29.16 below its year-long peak of $182.15, which was achieved on February 14th. The company's trading volume on Monday was recorded at 2.4 million, notably lower than its 50-day average of 3.2 million.

The market presented varied outcomes for American Express' competitors on Monday. JPMorgan Chase & Co.'s (NYSE:NYSE:JPM) shares experienced a surge, increasing by 0.76%. In contrast, Visa Inc .'s (NYSE:NYSE:V) shares saw a slight decline of 0.05%, while Bank of America Corp.'s (NYSE:NYSE:BAC) shares slipped by 0.32%.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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