Shares of American Express Co.
rallied 2.40% to $142.59 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
falling 1.31% to 3,819.72 and Dow Jones Industrial Average
falling 0.39% to 31,270.09. This was the stock’s third consecutive day of gains. American Express Co. hit a new 52-week high, surpassing its previous peak of $140.95, which the company reached on February 24th.
The stock outperformed some of its competitors Wednesday, as Visa Inc. Cl A
fell 0.43% to $214.85, Mastercard Inc.
fell 0.71% to $360.25, and JPMorgan Chase & Co.
rose 1.93% to $152.91. Trading volume (4.4 M) eclipsed its 50-day average volume of 3.7 M.