Stock Market Today: AmEx Lifts Dow to New Heights
The earnings calendar giveth, and it also taketh away – which explained the divergent paths of the Dow Jones Industrial Average and Nasdaq Composite as the week came to a close.
A Friday light on economic data kept the focus on corporate profits, and on that front, American Express (AXP, +5.4%) certainly didn't disappoint. The company delivered third-quarter earnings of $2.27 per share on revenues of $10.9 billion, exceeding analysts' consensus expectations for profits of $1.80 per share on $10.5 billion in sales.
Susquehanna analyst
