Dow Today: American Express (AXP) Lower

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The Dow Jones Industrial Average ( ^DJI) is trading down 48.0 points (-0.3%) at 16,864 as of Wednesday, Jul 30, 2014, 12:36 p.m. ET. During this time, 156.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.1 million. The NYSE advances/declines ratio sits at 1,073 issues advancing vs. 1,897 declining with 171 unchanged.
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Holding back the Dow today is American Express (NYSE: AXP), which is lagging the broader Dow index with a $1.44 decline (-1.6%) bringing the stock to $90.27. This single loss is lowering the Dow Jones Industrial Average by 10.9 points or roughly accounting for 22.7% of the Dow's overall loss. Volume for American Express currently sits at 2.5 million shares traded vs. an average daily trading volume of 2.9 million shares.

American Express has a market cap of $97.24 billion and is part of the financial sector and financial services industry. Shares are up 1.1% year-to-date as of Tuesday's close. The stock's dividend yield sits at 1.1%.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S.

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