Airline stocks rise, but not all transports gain
The S&P 500 is up 0.5%, and the Russell 2000 is up 1.4%. Airline stocks are outperforming today as part of the reopening momentum trade, but not all transport stocks are up today. For instance, shares of UPS (UPS 99.30, -0.41, -0.4%), Expeditors Intl (EXPD 75.57, -0.79, -1.0%), and Landstar System (LSTR 113.66, -2.60, -2.2%) are some notable laggards within the Dow Jones Transportation Average (unch). Looking ahead, Dick's Sporting Goods (DKS 36.37, +0.33, +0.9%) will be reporting earnings prior to tomorrow's open. eCommerce growth and strong demand for fitness products should lessen the impact from closures.