American Express stock slips after hours as AXP swings and investors brace for inflation data
American Express shares dropped 2.5% to $354.01 in after-hours trading Wednesday after a volatile session. The company issued $3.5 billion in new notes and renewed its multiyear partnership with the NBA. Investors tracked interest-rate expectations and talk in Washington of caps on card rates. Visa rose 0.3% and Mastercard slipped 0.6% in late trade.