News of a new coronavirus variant in South Africa sent stock markets reeling on Friday, with the S&P 500 falling 2% through 12:22 p.m. ET and the Dow tumbling 2.5%. Visa shares are currently down 2.7%, and Mastercard is down 4.7%.
Buffett is taking profits off the table. It might be time to do the opposite.
American Express' (AXP) management remains optimistic about strong Q4 results and expects the momentum to continue into next year.