American Express stock slides late Friday as hot inflation data bites — what investors watch next
American Express shares dropped 7.3% Friday to $308.90 after a hotter-than-expected U.S. producer-price report triggered a selloff in financial stocks. The company filed plans for a new 2 million square foot headquarters at 2 World Trade Center, with construction set for 2026. Visa and Mastercard also fell. Traders now await next week’s U.S. jobs data.