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Earnings Drive Weekly Stock Gains as AmEx Sets Revenue Record

Next week’s CPI alongside Tesla and Netflix results will guide expectations for rate cuts.

Overview

  • American Express revenue rose 11% to a record $18.43 billion, and its shares closed at an all-time high.
  • Kenvue shares rebounded after a steep drop tied to a U.K. lawsuit alleging a baby-powder cancer link.
  • Newmont fell about 7.6% as gold prices retreated from recent record highs.
  • Oracle dropped nearly 7% as analysts flagged limited capex details and heavy dependence on large customers including OpenAI.
  • U.S.-listed Novo Nordisk and Eli Lilly declined after President Trump said he would pursue lower prices for popular weight-loss drugs.