Dow transports surges again, has now outperformed Dow industrial this year
The Dow Jones Transportation Average shot higher for a second straight session, and has now passed its sister index, the Dow Jones Industrial Average , for year-to-date gains. The Dow Transports rallied 139 points, or 1.3%, while the Dow industrials fell 43 points, or 0.2%. On Monday, the Dow transports had run up 208 points, or 2.0%, while the Dow industrials had gained just 38 points, or 0.1%. The Dow transports performance this year has improved to 16.1% from 12.3% two days ago, while the Dow industrials year-to-date gain has stayed steady at 14.9%. Many Wall Street strategists have been talking about sector rotation this week, with many saying investors have been moving out of relatively high-valued and momentum sectors and stocks and into beaten-down, or relatively low-valued sectors and stocks.
Published:9/10/2019 2:01:59 PM