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Why XPO Logistics Stock Surged 9% Today

TheMotleyFool

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Stock markets closed lower again on Monday, with the Dow down 3%, and the Nasdaq off a more modest 0.3%. One stock defying the downturn, though, was supply chain solutions provider XPO Logistics (NYSE: XPO). Instead of falling, by the close of trading today, XPO Management stock was up 9%.

And maybe you can thank SunTrust for that... and Morgan Stanley, too.

Image source: Getty Images.

Source Fool.com

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