Amex Hits Record High While Oracle and Newmont Face Declines

Reported 3 days ago

On October 17, 2025, American Express shares surged to an all-time high, driven by strong quarterly earnings and high-end card updates amid robust spending from affluent customers. Conversely, Oracle's stock fell nearly 7% due to concerns over its capital expenditures, and Newmont, the world's largest gold producer, saw a 7.6% decline as gold prices retreated. Despite these losses, major U.S. stock indices, including the S&P 500, closed higher for the week.

Source: YAHOO

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