The major market averages are all in the red on Wednesday with the exception of the Dow Jones Transportation Average, which is hanging on to a slight gain and poised for its sixth record close.
The transports are getting a lift from two railroads -- Norfolk Southern (NYSE:NSC) and Kansas City Southern (NYSE:KSU). NSC is surging more than 4% to an all-time high on an earnings beat. KSU is rallying in sympathy and also hitting record highs.
Major Averages – Today