BUZZ-U.S. Stocks on the Move-Railroad stocks, J.C. Penney, Ebola stocks
(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 were set for a modest bounce 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. Dow Jones industrial average e-mini futures were up 0.12 percent at 16,456, S&P 500 e-mini futures were up 0.22 percent at 1,898.5 and Nasdaq 100 e-mini futures were up 0.11 percent at 3,857.25.
** CSX CORP, Friday close $29.94, +11.46 pct premarket
** CANADIAN PACIFIC RAILWAY LTD, Friday close $189.37, +3.40 pct premarket
** UNION PACIFIC CORP, Friday close $101.34, +1.61 pct premarket
** NORFOLK SOUTHERN CORP, Friday close $102.36, +3.31 pct premarket
** KANSAS CITY SOUTHERN, Friday close $112.57, +2.65 pct premarket
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...