Dow Jones Transportation Average falls to 6-month low, as FedEx stock weighs heavily

The Dow Jones Transportation Average /zigman2/quotes/210598063/delayed DJT -0.84% slumped 0.3% toward a six-month low, as the plunge in FedEx Corp.'s stock /zigman2/quotes/203047719/composite FDX -0.74% after disappointing earnings single handedly turning the index negative despite sharp gains in the broader stock market. The Dow transports, a price-weighted index, was down despite 14 of the 20 components gaining ground, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.08% rallied 346 points, or 1.0%, with 25 of 30 components gaining ground. FedEx's stock was down $21.65, or 8.6%, while the combined price gains of all the stocks rising was $21.07. Among the biggest price gainers, shares of Avis Budget Group Inc. /zigman2/quotes/203618115/composite CAR +1.14% rallied $5.74, Ryder System Inc. /zigman2/quotes/208674852/composite R -0.55% climbed $2.26 and Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV +0.44% advanced $1.72. Among other decliners, shares of United Parcel Service Inc. /zigman2/quotes/201245396/composite UPS +0.97% shed $4.02 and J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT -1.68% tacked on $1.01.

/zigman2/quotes/210598063/delayed

Add to watchlist DJT

Dow Jones Transportation Average

US : Dow Jones Indices

14,334.77

-121.64 -0.84%

Volume: 100.44M

May 16, 2022 5:14p

/zigman2/quotes/203047719/composite

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FedEx Corp.

US : U.S.: NYSE

$ 209.72

-1.57 -0.74%

Volume: 1.30M

May 16, 2022 4:00p

P/E Ratio

13.82

Dividend Yield

1.43%

Market Cap

$54.76 billion

Rev. per Employee

$316,775

/zigman2/quotes/210598065/realtime

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Dow Jones Industrial Average

US : Dow Jones Global

32,223.42

+26.76 +0.08%

Volume: 332.70M

May 16, 2022 5:14p

/zigman2/quotes/203618115/composite

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Avis Budget Group Inc.

US : U.S.: Nasdaq

$ 207.47

+2.34 +1.14%

Volume: 750,531

May 16, 2022 4:00p

P/E Ratio

6.40

Dividend Yield

N/A

Market Cap

$9.91 billion

Rev. per Employee

$493,952

/zigman2/quotes/208674852/composite

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Ryder System Inc.

US : U.S.: NYSE

$ 83.19

-0.46 -0.55%

Volume: 2.18M

May 16, 2022 4:00p

P/E Ratio

6.93

Dividend Yield

2.79%

Market Cap

$4.28 billion

Rev. per Employee

$240,541

/zigman2/quotes/201071949/composite

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Southwest Airlines Co.

US : U.S.: NYSE

$ 43.18

+0.19 +0.44%

Volume: 4.58M

May 16, 2022 4:00p

P/E Ratio

45.75

Dividend Yield

0.00%

Market Cap

$25.49 billion

Rev. per Employee

$334,519

/zigman2/quotes/201245396/composite

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United Parcel Service Inc. Cl B

US : U.S.: NYSE

$ 179.77

+1.73 +0.97%

Volume: 3.00M

May 16, 2022 4:03p

P/E Ratio

14.68

Dividend Yield

3.38%

Market Cap

$155.68 billion

Rev. per Employee

$184,734

/zigman2/quotes/205536609/composite

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J.B. Hunt Transport Services Inc.

US : U.S.: Nasdaq

$ 173.48

-2.96 -1.68%

Volume: 458,638

May 16, 2022 4:00p

P/E Ratio

21.52

Dividend Yield

0.92%

Market Cap

$18.49 billion

Rev. per Employee

$394,575