VRPX - Dow Tumbles Over 100 Points; American Express Earnings Beat Views | Benzinga
U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.32% to 40,532.98 while the NASDAQ rose 0.14% to 17,895.95. The S&P 500 also rose, gaining, 0.17% to 5,553.92.
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Leading and Lagging Sectors
Communication services shares jumped by 1% on Thursday.
In trading on Thursday, energy shares fell by 0.6%.
Top Headline
American Express Co (NYSE:AXP) reported better-than-expected earnings for its second quarter on Friday.
The company's second-quarter revenue (net of interest expense) grew 8% year-on-year to $16.33 billion, slightly missing the analyst consensus estimate of $16.59 billion. Adjusted EPS of $3.49 beat the analyst consensus estimate of $3.26.
For FY24, Amex reiterated revenue growth of 9% – 11% or $65.96 billion – $67.17 billion (versus consensus of $66.41 billion). It has raised its EPS outlook to $13.30 – $13.80 from $12.65 – $13.15 prior, versus the consensus of $12.96.
Equities Trading UP