American Express stock dips as Trump pushes 10% credit-card rate cap; CPI, earnings loom
American Express shares fell 1.9% to $375.61 Friday after President Donald Trump called for a one-year 10% cap on credit card interest rates, with no details on enforcement. The S&P 500 rose 0.65%. AmEx traded about 3% below its December high. U.S. credit card balances stood at $1.06 trillion at year-end, according to Fed data.