American Express stock drops as Trump’s 10% credit-card rate cap deadline hits AXP
American Express shares fell 3.3% to $352.84 in late New York trading Tuesday after the White House moved to cap credit-card interest rates. The stock touched a session low of $351.40. Investors await AmEx’s Jan. 30 earnings for updates on credit trends and regulatory risks. Visa and Mastercard also declined, weighing on payments stocks.