American Express (AXP) stock was the lowest performing member of the Dow Jones Industrial Average (DJIA) on Wednesday, shedding some 3.7% near lunchtime.
American Express gets uncommon downgrade from BofA Securities. AXP stock loses 3.7% on Wednesday despite index gains. BofA says that AXP is overvalued based on recent meager growth. Investors are excited about Fed Minutes and Jackson Hole Symposium this week. American Express stock was the lowest performing member of the Dow Jones Industrial Average on Wednesday, shedding some 3.7% near lunchtime.
as it affects the cost of credit, on which many corporations are heavily reliant. Therefore, inflation can be a major driver as well as other metrics which impact the Fed decisions. What is Dow Theory? Dow Theory is a method for identifying the primary trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Average and the Dow Jones Transportation Average and only follow trends where both are moving in the same direction.
. One is to use ETFs which allow investors to trade the
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