Why American Express Plunged Today
Source: Motley Fool
2026-02-23 14:09:48 ET
Shares of credit card giant American Express (NYSE: AXP) plunged 7.5% on Monday as of 12:55 p.m. EDT.
It's unusual for such a big and seemingly strong company as American Express to fall this much on a day with no company-specific news.
However, fears over artificial intelligence disruption hit the financial sector hard today, mainly due to a post on X (formerly Twitter) by a highly followed account. In addition, hopes of near-term interest rate cuts were dashed as a result of a Fed official's commentary, which also likely played a hand in today's pullback.
American Express Company
NASDAQ: AXP
AXP Trading
2.52% G/L:
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669,725 Volume:
$328.88 Open:
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$248,664,128,051
531,439,240
0.08%
1783
N/A
Credit Finance
Finance
US
New York
