Stocks End Down After Wall Street Worries Rate Cut Won't Be Enough [TheStreet.com]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: TheStreet.com
on Tuesday finished sharply lower and Treasurys surged after Federal Reserve Chairman Jerome Powell explained the central bank's reasoning for cutting interest rates 50 basis points, a surprise move meant to support financial markets amid the coronavirus outbreak. The Dow Jones Industrial Average ended down 785 points, or 2.94%, to 25,917, the S&P 500 tumbled 2.81% and the Nasdaq finished down 2.99%. The Dow fell as much as nearly 1,000 points, or more than 3.7%. American Express ( AXP Get Report MSFT MMM The yield on the 10-year Treasury dropped below 1% for the first time following the rate cut from the Federal Reserve. The yield fell to an all-time low of 0.9587% on Tuesday. Powell said at a news conference that "we've seen a broader spread of the virus ... and so we saw a risk to the outlook for the economy and chose to act." He added the Fed “judged that the risks to the U.S. outlook have changed materially” and the central bank “can and will do our part ... to keep the U.S. econ
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AXP
Earnings
- 10/18/24 - Beat
AXP
Sec Filings
- 11/15/24 - Form 8-K
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- AXP's page on the SEC website