BUZZ-U.S. Stocks on the Move-Fiat Chrysler, Alco Stores, Doral Financial
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks see-sawed around the unchanged mark in early trade on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns. The Dow Jones industrial average was down 0.18 percent at 16,514.21, the S&P 500 was down 0.30 percent at 1,900.38 and the Nasdaq Composite was down 18.28 points at 4,257.96.
** CSX CORP, $33.74, +12.69 pct
** CANADIAN PACIFIC RAILWAY LTD, $194.17, +2.53 pct
** UNION PACIFIC CORP, $101.19, -0.15 pct
** NORFOLK SOUTHERN CORP, $107.46, +4.98 pct
** KANSAS CITY SOUTHERN, $117.36, +4.26 pct
Canadian Pacific Railway Ltd has approached the U.S. rail road operator CSX about merging the two North American railroad operators to create a transcontinental carrier worth more than $60 billion, according to the Wall Street Journal.
Shares of Union Pacific, Norfolk Southern and Kansas City were also up. Continued...