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Why Shares of Railroads Are Down Today

TheMotleyFool

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Shares of Union Pacific (NYSE: UNP), Canadian National Railway (NYSE: CNI), CSX (NASDAQ: CSX), and Kansas City Southern (NYSE: KSU) all fell more than 10% apiece on Monday, and shares of Norfolk Southern (NYSE: NSC) were down more than 8%, driven down by growing concern that the COVID-19 coronavirus would push the economy into a recession.

Railroads and other shipping stocks tend to move with the overall health of the economy. If economic output is slowing, it is going to be hard for these stocks to avoid being derailed.