General Electric jumps by 10.3pc

Business | 30 Jan 2020 11:42 am

General Electric surged by 10.3 percent Wednesday on Wall Street after a strong showing from its aviation business pushed profits above expectations.

Norfolk Southern climbed by 4.9 percent after the railroad reported surprisingly good fourth-quarter profits following cost cuts. The railroad industry has been experiencing weak demand for freight hauling and the company is trying to operate on a tighter schedule and move more freight with fewer people.

Union Pacific added 1.2 percent and CSX climbed by 1.7 percent.-AP

 

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