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Market Brief

Dow Transports Slump on Profit Taking, Economic Worries

Transportation stocks are switching gears Wednesday.  After leading the market in its recent run to records, the Dow Jones Transportation Average is falling around 0.7%, making it the biggest loser among the major averages.

Chalk it up to a combination of profit taking (the DJTA is up more than 6% YTD, more than double the gain in the S&P 500), and renewed questions about economic growth. 19 of the 20 members of the Dow Transports are down. 

Keep in mind that five of these names – CSX (CSX), Ryder System (R), Delta Air Lines (DAL), Southwest Airlines (LUV), and Alaska Air (ALK) - all hit record highs this week.

Dow Transports in Reverse

Ticker

Security

Last

Change

%Chg

(GMT)

GATX Corporation

65.10

-1.14

-1.72%

(UAL)

United Continental Holdings, Inc.

41.56

-0.58

-1.38%

(R)

Ryder System, Inc.

83.36

-1.08

-1.28%

(MATX)

Matson, Inc.

23.89

-0.27

-1.12%

(KSU)

Kansas City Southern

101.14

-1.11

-1.09%

(DAL)

Delta Air Lines, Inc.

38.43

-0.35

-0.90%

(UPS)

United Parcel Service, Inc. Class B

101.70

-0.81

-0.79%

(JBLU)

JetBlue Airways Corporation

8.79

-0.07

-0.79%

(CSX)

CSX Corporation

29.30

-0.23

-0.78%

(CNW)

Con-way Inc.

44.63

-0.35

-0.78%

(KEX)

Kirby Corporation

106.36

-0.76

-0.71%

(NSC)

Norfolk Southern Corporation

96.90

-0.68

-0.70%

(UNP)

Union Pacific Corporation

191.66

-1.24

-0.64%

(FDX)

FedEx Corporation

139.31

-0.83

-0.59%

(LUV)

Southwest Airlines Co.

24.85

-0.13

-0.52%

(CHRW)

C.H. Robinson Worldwide, Inc.

58.83

-0.23

-0.39%

(JBHT)

J.B. Hunt Transport Services, Inc.

77.19

-0.27

-0.35%

(ALK)

Alaska Air Group, Inc.

97.50

-0.32

-0.33%

(LSTR)

Landstar System, Inc.

63.25

-0.10

-0.16%

(EXPD)

Expeditors International of Washington

44.64

0.04

0.09%