Investing.com – Usually you do not think much about the railways, but they carry goods from point A to point B.
Late on Tuesday, the CSX (NASDAQ :), which runs east and south. noted heavily that the economic uncertainty caused in part by the trade disputes between the United States and China is not good for the railways business.
CSX (NASDAQ 🙂 shares fell by more than 10% on Wednesday; other railway stocks fell. Norfolk Southern (NYSE 🙂 fell by 7.5%; Union Pacific (NYSE 🙂 fell by 6.5%, down by an average of 3.6% ̵
Falling 0.65%. The decline was 0.4% and the decline was 0.46%. CSX (NASDAQ 🙂 was the biggest loser.
CSX losses were felt by FedEx (NYSE :), United Parcel Service (NYSE 🙂 and shipping company  Landstar System (NASDAQ :). PACCAR truck manufacturer NASDAQ also dropped the comment of CSX CEO JIm Foote on Tuesday at the conference that the large expansion of the national fleet has put pressure on truck and rail freight.
Stocks were not the only victims on Wednesday. Oil prices have fallen again. WTI's price drops 1.5 percent to $ 56.78 a barrel. However, after the International Monetary Fund said the US dollar was overestimated, it moved $ 12.10 to $ 1,423.30 per troy ounce. The decline is 0.2%. Industrial, energy, chemical and real estate are lower. NYSE 🙂 and Schlumberger (NYSE 🙂 and Halliburton (NYSE 🙂 were among the victims of lower oil prices.
Nordstrom (NYSE :), Macy's (NYSE 🙂 and Kohls (NYSE 🙂 fell. NVIDIA (NASDAQ :), Micron Technology (NASDAQ 🙂 Intel (NASDAQ 🙂 were among the strongest technology stocks.
But the biggest tech stocks, including Microsoft (NASDAQ :), Amazon.com (NASDAQ :), Apple (NASDAQ :), Google's parental alphabet (NASDAQ 🙂 and Cisco Systems Inc low.
Microsoft reports the results for the fourth quarter after the end of Thursday. investors continue to see the Federal Reserve shrinking their federal fund rate by a quarter of its July 30-31 meeting. Treasury yield fell to 2.059% from 2.12% on Tuesday.
The unified manufacturer Cintas (NASDAQ), Hershey (NYSE) and the pharmaceutical company Abbott Laboratories [NYSE:)AmongthebestperformersoftheS&P500
CSX (NASDAQ :), Contractor of Defense Textron (NYSE 🙂 and Norfolk Southern (NYSE 🙂 were among the worst performers of the S & P 500.  Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily real-time nor accurate. All CFDs and Forex prices are not provided by stock exchanges, but by market makers, so prices may not be accurate and may differ from the actual market price, which means that the prices are indicative and not suitable for commercial purposes. Therefore, Fusion Media bears no responsibility for the loss of trade that may arise as a result of the use of this data.
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