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[Markets]
Dow transports bounce despite broader market selloff, led by Avis Budget and Delta stock rallies
The Dow Jones Transportation Average bounced 97 points, or 0.7%, with 14 of 20 components gaining ground, to buck the selloff in the broader stock market. The rally comes after the Dow transports closed Friday at a six-month low, following a 13.4% plunge in eight days amid growing fears that rapidly deteriorating market conditions could lead to a freight recession. In comparison, the Dow Jones Industrial Average has slipped just 1.6% over the same eight days. Monday's transport bounce comes whil
Published:4/11/2022 1:14:44 PM
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