Upgrade lifts AmEx, supports Dow, financials
7/10/12 9:43 AM ET (MarketWatch)
NEW YORK (MarketWatch) -- Shares of American Express Co. , a Dow Jones Industrial Average component, rose more than 2% on Tuesday and was the top financial sector gainer after Nomura USA analysts upgraded the shares. They also got some support from Monday's U.S. government data showing that consumers have upped their use of revolving credit accounts more than 11% over year-ago levels. Elsewhere in the Dow, Bank of America Corp added 1.3%, J.P. Morgan Chase & Co. rose 0.7% and Travelers Cos. Inc. put on 0.6%. In the broader market, the Financial Select Sector SPDR ETF , which tracks the financial stocks in the S&P 500 , rose 0.9%.