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Stocks – Trade Worries Drag Market Lower at Investing.com




© Reuters.

Investing.com – You usually don't think much about railways, but they move goods from point A to point B.

Late Tuesday, CSX (NASDAQ :), operating in the east and south. Highly noted that economic uncertainty, which is partly due to trade disputes between the United States and China, is not good for the railway's business.

CSX (NASDAQ 🙂 Stocks dropped more than 10% on Wednesday; other railway paths also fell. Norfolk Southern (NYSE 🙂 fell 7.5%; Union Pacific (NYSE 🙂 decreased by 6.5%. It averaged 3.6% lower ̵[ads1]1; and the whole market.

fell 0.65%. Decreased 0.4% and fell 0.46%. It was of 0.48%, with CSX (NASDAQ 🙂 by far the biggest loser.

The CSX losses were felt by FedEx (NYSE :), United Parcel Service (NYSE 🙂 and shipping company [19659006] Landstar System (NASDAQ :). The truck manufacturer PACCAR (NASDAQ 🙂 also fell on CSX's CEO JIm Foote's commentary on Tuesday's conference call that a major expansion of the national truck fleet has a pressure frequency for trucks and railways.

Stocks were not the only damage on Wednesday. Oil prices fell again. WTI crude oil fell 1.5% to $ 56.78 per barrel. , but moved $ 12.10 higher to $ 1,423.30 an ounce after the International Monetary Fund said US dollars were overvalued. Decreased 0.2%.

Industry, energy, chemicals and real estate were lower. Techs, health services and tools moved higher.



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