Shares of CSX Corp. /zigman2/quotes/208536759/composite CSX +0.88% rallied 1.85% to $34.74 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.19% rising 1.45% to 4,587.18 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.71% rising 0.86% to 35,768.06. This was the stock's second consecutive day of gains. CSX Corp. closed $3.27 short of its 52-week high ($38.01), which the company achieved on January 4th.
The stock outperformed some of its competitors Wednesday, as Union Pacific Corp. /zigman2/quotes/209717171/composite UNP +1.34% rose 1.46% to $246.49, Canadian National Railway Co. /zigman2/quotes/208205632/composite CNI +0.90% rose 1.61% to $124.69, and Norfolk Southern Corp. /zigman2/quotes/200877725/composite NSC +0.21% rose 1.46% to $273.96. Trading volume (10.9 M) remained 2.8 million below its 50-day average volume of 13.7 M.