As the broader markets have jumped on news of the resignation of Egyptian President Hosni Mubarak, railroad stocks are posting notable gains amid relief buying on Friday.
The strength in the railroad sector is reflected by the 1.7 percent gain currently being shown by the Dow Jones Railroads Index. With the gain, the index is once again on pace for an historic closing high.
Kansas City Southern (KSU) is turning in one of the sector's best performances, rising by 2.5 percent. Shares of Kansas City Southern are currently poised for a fresh historic closing high.
CSX Corp. (CSX) and Westinghouse Air Brake Technologies (WAB) are also markedly higher, up by 1.6 percent and 1.3 percent, respectively.
CSX is on track for an all-time closing high, while Westinghouse Air Brake Technologies is poised to end the day at its best closing price since September of 2008.
Norfolk Southern (NSC), Union Pacific (UNP) and Canadian Pacific (CP) are also markedly higher, while some weakness is visible among shares of Guangshen Railway (GSH), which are down by 1.1 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.