Union Pacific leads industrials this week, while Axon Enterprise trails
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Union Pacific led the Industrial Select Sector SPDR Fund ETF (XLI), which rose 0.90% this week, outperforming the S&P 500 year-to-date. Union Pacific shares surged 6.61% following Donald Trump's support for its $72B acquisition of Norfolk Southern, which also gained 4.86%. Other gainers included Quanta Services (+4.34%) and Westinghouse Air Brake Technologies (+4.22%). Axon Enterprise was the biggest loser, down 8.48% after announcing its acquisition of Prepared. United Airlines fell 7.90% due to grounded flights.
Source: MSN The copyright of this article belongs to the original author/organization.
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