Norfolk Southern Surges 8.4% on July 23 as Q2 Earnings Beat Expectations

NSC6.55%
Norfolk Southern Railroad (NSC) surged 8.4% on July 23, marking its largest intraday gain since November 2024, driven by better-than-expected second-quarter earnings and optimism over a potential acquisition. The rally followed an agreement announced by Union Pacific and Canadian National under which Canadian National withdrew its opposition to Union Pacific's proposed takeover of Norfolk Southern.
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