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[Markets] Railroad stocks rally after strike averted, to provide a big boost to the Dow transports Shares of railroad operators rallied in premarket trading Thursday, after a railway strike was averted as the White House said a tentative deal has been reached. Shares of CSX Corp. jumped 3.2% ahead of the open, Union Pacific Corp. climbed 3.5% and Norfolk Southern Corp. hiked up 1.7%. The combined implied price gains of those stock would add about 78 points to the Dow Jones Transportation Average's price, which would represent a 0.6% gain. The Dow transports had fallen 4.2% the past two days a Published:9/15/2022 5:39:26 AM
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