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Sept. 6, 2019, 2:00 p.m. EDT

Dow transports falls to buck the broader stock market's rally

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By Tomi Kilgore

The Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT -0.48% slumped 0.5% in afternoon trading, to buck the strength in the broader stock-market indexes, led by weakness in trucking and rail operators. Of the Dow tranports' 20 components, 14 traded lower, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.46% rallied 117 points, or 0.4%, with 23 of 30 components gaining ground. The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.51% rose 0.3% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.47% tacked on 0.2%. With the Dow transports, the biggest drags on the index's price were the shares of Landstar System Inc. /zigman2/quotes/207418022/composite LSTR +0.08% , which fell $1.70, or 1.5%; Union Pacific Corp. /zigman2/quotes/209717171/composite UNP +0.05% , which gave up $1.63, or 1.0%; and J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT +0.20% , which shed $1.35, or 1.2%. The best performer was Matson Inc.'s stock /zigman2/quotes/205690765/composite MATX -1.48% , which rose 66 cents, or 1.8%. The Dow transports' divergence comes after it shot up 2.6% on Thursday, while the Dow industrials rose 373 points, or 1.4%.

/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
9,107.42
-43.97 -0.48%
Volume: 109.64M
May 28, 2020 11:45a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,665.47
+117.20 +0.46%
Volume: 142.45M
May 28, 2020 11:45a
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/zigman2/quotes/210599714/realtime
US : S&P US
3,051.75
+15.62 +0.51%
Volume: 1.17B
May 28, 2020 11:45a
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,457.05
+44.70 +0.47%
Volume: 1.53M
May 28, 2020 11:45a
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/zigman2/quotes/207418022/composite
US : U.S.: Nasdaq
$ 115.47
+0.09 +0.08%
Volume: 60,270
May 28, 2020 11:44a
P/E Ratio
22.34
Dividend Yield
0.64%
Market Cap
$4.43 billion
Rev. per Employee
$3.53M
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/zigman2/quotes/209717171/composite
US : U.S.: NYSE
$ 172.96
+0.09 +0.05%
Volume: 799,538
May 28, 2020 11:44a
P/E Ratio
20.13
Dividend Yield
2.24%
Market Cap
$117.96 billion
Rev. per Employee
$544,047
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/zigman2/quotes/205536609/composite
US : U.S.: Nasdaq
$ 119.76
+0.24 +0.20%
Volume: 322,851
May 28, 2020 11:44a
P/E Ratio
25.80
Dividend Yield
0.90%
Market Cap
$12.60 billion
Rev. per Employee
$311,896
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/zigman2/quotes/205690765/composite
US : U.S.: NYSE
$ 29.93
-0.45 -1.48%
Volume: 61,888
May 28, 2020 11:42a
P/E Ratio
17.51
Dividend Yield
2.93%
Market Cap
$1.31 billion
Rev. per Employee
$1.11M
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