AXP is trading at $353.61, down 3.06%, aligning with a broader market rout after President Trump escalated tariff threats, proposing levies rising up to 25% against eight European nations.
- The decline pushed the stock from its prior close of $364.79, reflecting participation in the risk-off sentiment sweeping equities.
- The proposed tariffs, stemming from the Greenland acquisition dispute, are set to start at 10% on February 1 and rise to 25% by June.
- Broader indices reacted sharply, with the S&P 500 falling 1.87% and the Nasdaq dropping 2.02%, particularly affecting financial services stocks sensitive to economic uncertainty.