The Transportation sector (IYT) held steady on a trading day that saw S&P 500 drop 0.3%.

Air Transport Services Group (ATSG) was a significant gainer in the sector, rising 8.3%. The stock closed at $5.58 with 444,693 shares moving. The stock traded in a range of $5.12 to $5.75. The stock has fallen over the last three months, dropping 30 cents (-5.1%) from $5.88 on February 14, 2012.

DryShips (DRYS) was a major loser in the sector, falling 6.5% (-18 cents) to close at $2.57 with 8.5 million shares moving. The stock traded between $2.53 and $2.77. The stock has lost momentum over the last three months, losing $1.17 (-31.3%) from $3.74 on February 14, 2012.

China Eastern Airlines (CEA) declined 1.1% to close at $16.35, moving below its 50-day moving average of $16.40 and 200-day moving average of $17.94. FedEx (FDX) climbed 1.3% to close at $87.80, moving past its 200-day moving average of $87.32.

Golar LNG (GLNG) rose 6.7% to close at $34.72, approaching its 50-day moving average of $36.93. It has also moved closer to its 200-day moving average of $39.77. Grupo Aeroportuario del Sureste (QLTY) fell 1.4% to close at $77.45, moving closer to its 50-day moving average of $75.57. Also, the stock moved closer to its 200-day moving average of $11.94.

US Airways Group (LCC) hit a new 52-week high today, reaching $11.47 to top the previous high of $11.21.

Knightsbridge Tankers (VLCCF) hit a new 52-week low today, hitting $10.95 to fall below the previous low of $11.66.