Dow transports rally to buck weakness in broader stock market
The Dow Jones Transportation Average rallied 0.7% in afternoon trade, to buck the weakness in the broader market, as gains in airline stocks provided a boost. Of the Dow transports' 20 components, 17 gained ground, while the Dow Jones Industrial Average slumped 109 points, or 0.4%, with 23 of 30 components losing ground. Among the Dow transports' biggest gainers, shares of Alaska Air Group Inc. (ALK) ran up 4.3% to a 7-week high after reporting February operating data (http://www.marketwatch.com/story/alaska-air-group-reports-february-2018-operational-results-2018-03-13), FedEx Corp. (FDX) climbed 1.5%, United Continental Holdings Inc. (UAL) rallied 1.4%, J.B. Hunt Transport Services Inc. (JBHT) tacked on 1.3% and JetBlue Airways Corp. (JBLU) advanced 1.2%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 13, 2018 15:05 ET (19:05 GMT)
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