Dow Jones Industrial Average rises 14 points
Decent economic data, supportive Federal Reserve
American Express rises, Netflix drops
American Express shares rose 1.2% after the credit card company raised its dividend and said it would be buying back 120 million of its shares, which investors took as a vote of confidence from management. Netflix was a notable underperformer with Monday’s drop of 1.8% putting it into the red for 2019. The streamer was up more than 45% at one point in 2019, but investors are concerned new streaming competition from the likes of Disney and others will hit future results and raise costs for content.
What happens next
We’ll get big economic data, Nike earnings and updates on global trade on Tuesday. Read here for details.
