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Market Brief

Transports Charge Ahead Despite Market Retreat

The major market averages are all in the red on Wednesday with the exception of the Dow Jones Transportation Average, which is hanging on to a slight gain and poised for its sixth record close.

The transports are getting a lift from two railroads -- Norfolk Southern (NSC) and Kansas City Southern (KSU). NSC is surging more than 4% to an all-time high on an earnings beat.  KSU is rallying in sympathy and also hitting record highs.

Major Averages – Today

 

Last

Chg

%Chg

Yesterday

DJIA

15407.77

-59.89

-0.39%

15467.66

S&P 500

1744.10

-10.57

-0.60%

1754.67

Nasdaq Comp.

3899.34

-30.23

-0.77%

3929.57

DJ Transports

6922.99

9.43

0.14%

6913.56

Russell 2000

1107.89

-7.74

-0.69%

1115.63