AmEx leads Wall St. recovery, tech stocks weigh on Nasdaq

The stock was the top boost to the S&P 500 as well as the Dow, where it added about 42 points, perfectly negating the impact of Verizon and Travelers together. Verizon fell 2.6 percent, dragging the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The top drag on the Dow was Travelers , which fell 4.2 percent after the insurer posted a steep drop in profit.