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.
CSX,
jumped 3.2% ahead of the open, Union Pacific Corp.
UNP,
climbed 3.5% and Norfolk Southern Corp.
NSC,
hiked up 1.7%. The combined implied price gains of those stock would add about 78 points to the Dow Jones Transportation Average’s
DJT,
price, which would represent a 0.6% gain. The Dow transports had fallen 4.2% the past two days amid fears of a labor strike. Meanwhile, futures
YM00,
for the Dow Jones Industrial Average
DJIA,
advanced 59 points, or 0.2%.
