Midday Report: AmEx Leads Dow After Dividend Hike; U.S. Stocks Climb - TheStreet

Midday Report: AmEx Leads Dow After Dividend Hike; U.S. Stocks Climb

U.S. stocks come off highs, but stay in the green in relief following the first presidential debate.
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U.S. stocks came off highs, but stayed in the green on Tuesday, in relief following the first presidential debate. Media pundits and Twitter largely gave Democratic presidential candidate the win after a contentious 90 minutes. Consumer confidence reached its highest level in nine years in September, its best since the Great Recession. Both the outlook on the labor market and consumer spending improved. Deutsche Bank (DB) - Get Report had a choppy morning following reports the U.S. Justice Department said penalties could be lowered by cooperating with authorities. The bank has reeled from a possible $14 billion tied to mortgage-backed securities. American Express (AXP) - Get Report climbed after hiking its dividend and committing to a new repurchase program worth 150 million shares. AmEx was one of the top performers on the Dow.