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NEW YORK - Shares of railroads hit highs in early trading Friday, as investors reacted to a trade group report that said freight traffic rose last week. Shippers lost ground, though, as oil prices soared more than $3 to top $127 a barrel for the first time.
Here's how major players performed early Friday:
Union Pacific Corp., up $2.38 to $154.43. The stock hit an all-time high of $156.15 earlier.
Burlington Northern Santa Fe Corp., up 44 cents to $108.37. Shares reached an all-time high of $109.43 earlier.
CSX Corp., up 11 cents to $65.76. The stock reached an all-time high of $66.50 earlier.
FedEx Corp., down 69 cents to $90.17.
United Parcel Service Inc., down 96 cents to $70.40.
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