American Express Co. AXP,
rose 1.41% to $ 164.51 on Friday, which turned out to be an overwhelmingly positive trading session for the stock market, with the S&P 500 SPX index.
an increase of 0.19% to 4247.44 and the Dow Jones Industrial Average DJIA,
an increase of 0.04% to 34,479.60. The rally in stocks interrupted a two-day losing streak. American Express Co. closed $ 2.63 below the 52-week high of $ 167.14 hit by the company on June 8.
On Friday, the company’s stock outperformed some of its competitors such as Visa Inc. Cl AV,
rose 0.43% to $ 234.96, Mastercard Inc. MA,
rose 0.33% to $ 365.50, while JPMorgan Chase & Co. JPM,
fell 0.07% to $ 160.29. Trading volume (1.6 million) remained 1.2 million below the 50-day average of $ 2.8 million.