AXP earnings call for the period ending June 30, 2021.
The Dow Jones Industrial Average and Nasdaq Composite also moved higher, although they both still have a bit further to climb before claiming records of their own. Helping lift the spirits of investors wasn't easy, but strong earnings reports did the trick. Snap (NYSE: SNAP) was the big winner on the day, as the rising social media giant saw its market capitalization rise above the $100 billion mark.
Shares of semiconductor giant Intel fell sharply after the company reported earnings, but a better report from American Express and a positive day for most stocks has the index set to close at record levels.