The stock market rallied on Tuesday, fueled by growing optimism that the Federal Reserve will cut interest rates next month. With bond yields falling, markets priced in more than 80% probability of a quarter-point interest rate cut.
Overall, S&P 500 rose 0.9% to 6,766, while NASDAQ increased 0.7% to 23,026.
Tweet of the Day
Great take on Bitcoin and Microstrategy: https://t.co/Hj8rzRqp4W
— David Sharek (@GrowthStockGuy) November 21, 2025
Chart of the Day
Here is the ten-year chart of American Express (AXP) as of October 28, 2025, when the stock was at $361.
American Express saw a successful launch of its updated US Consumer and Business Platinum Cards. Initial customer demand and engagement exceeded expectations, with new US Platinum accounts doubling from before the refresh. This new card has perks like free checked bags on flights, free hotel room upgrades, late checkouts, and credit towards hotel food purchases.
In the first three weeks, American Express received over 500,000 requests for the new mirror card, a limited-edition, luxury version of the American Express Platinum Card. Demand for premium products remains strong, with over 70% of new accounts acquired on products that come with annual fees.
The company also acquired 3.2 million cards last quarter. The Platinum Card has evolved into a premium lifestyle card with a wide range of benefits that appeal across generations, including Millennial and Gen Z consumers. These younger consumers now account for 36% of total spending, which is the same percentage as Gen X.
AXP is part of our Conservative Portfolio. With a P/E of 21, this stock has room to move higher.
