American Express Co (NYSE:AXP) Stock Falls 1.11% to $326.16 on September 8: Oil Shock and Canada Tariffs Drag Financials Lower as Premium Card Spending Faces Inflation Test
Oil nearing $100 and Canada's retaliatory tariffs sent the Dow down 628 points on September 8, catching American Express in the downdraft despite its strongest card-spending growth in three years.
The Dow Jones Industrial Average dropped 628 points on September 8, 2026, as oil prices neared $100 and Canada imposed retaliatory tariffs on U.S. goods. [Image Source: Getty Images via CBS News]
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