Markets Look to Rebound, but 2 Key Stocks Are Feeling the Pain
Stock market volatility and earnings season go hand in hand, and with so many different companies reporting their latest financial results, it's only natural to see big swings in major market indexes from day to day. Wall Street looked ready to open for trading Thursday morning on a positive note, with futures contracts pointing to gains of half a percent or more in the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC).
Yet despite a large number of positive surprises from companies across various sectors of the economy, investors got lackluster news from a key component of the transportation sector. Railroad stock Union Pacific (NYSE: UNP) reported its latest results early Thursday, while CSX (NASDAQ: CSX) is slated to give its report after the closing bell this afternoon. Both companies are seeing challenges that led their share prices slightly lower.
Shares of Union Pacific were down about 2.5% in premarket trading Thursday. The move lower came despite what appeared to be solid performance in the railroad company's fundamental business during the third quarter of 2022.
Source Fool.com
