American Express stock on watch: Trump’s 10% credit-card rate cap call jolts AXP ahead of Monday
American Express shares fell 1.9% to $375.61 Friday after President Donald Trump proposed capping credit-card interest rates at 10% for one year starting Jan. 20. The S&P 500 closed up 0.65%. Trump announced the plan on Truth Social but gave no details on enforcement. Investors await Tuesday’s CPI report and bank earnings for further direction.