The Dow Jones Transportation Average is rallying Thursday, even as most of its components are falling, as the economically sensitive index is defying the selloff in the broader stock market. The index is up 0.5% in afternoon trading with 9 of 20 components rising, while its sister index, the Dow Jones Industrial Average sank 335 points, or 1.0%, with just seven of 30 components risingh, and the S&P 500 dove 1.2%. Within the Dow transports, the biggest gainers were shares of diesel engine maker Kirby Corp. (KEX), up 2.8%, and railroad operators Norfolk Southern Corp. (NSC), up 2.3%, and Union Pacific Corp. (UNP), up 2.2%. Meanwhile, the transports' decliners were led by the 1.4% drop in air carrier Delta Air Lines Inc.'s stock (DAL) and the 1.3% drop in truck rental company Ryder System Inc.'s stock (R).
(END) Dow Jones Newswires
March 10, 2022 13:49 ET (18:49 GMT)
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