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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 -1.03% 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 +0.19% rallied 117 points, or 0.4%, with 23 of 30 components gaining ground. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.05% rose 0.3% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.19% 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 -1.44% , which fell $1.70, or 1.5%; Union Pacific Corp. /zigman2/quotes/209717171/composite UNP +0.0067% , which gave up $1.63, or 1.0%; and J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT -1.32% , which shed $1.35, or 1.2%. The best performer was Matson Inc.'s stock /zigman2/quotes/205690765/composite MATX -4.83% , 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 : FactSet Prices
10,846.84
-112.42 -1.03%
Volume: 20.07M
Nov. 13, 2019 2:38p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,743.76
+52.27 +0.19%
Volume: 159.85M
Nov. 13, 2019 2:38p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,090.29
-1.55 -0.05%
Volume: 1.02B
Nov. 13, 2019 2:38p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,469.56
-16.53 -0.19%
Volume: 1.37M
Nov. 13, 2019 2:38p
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/zigman2/quotes/207418022/composite
US : U.S.: Nasdaq
$ 113.62
-1.66 -1.44%
Volume: 87,130
Nov. 13, 2019 2:33p
P/E Ratio
18.49
Dividend Yield
0.65%
Market Cap
$4.58 billion
Rev. per Employee
$3.53M
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/zigman2/quotes/209717171/composite
US : U.S.: NYSE
$ 175.48
+0.01 +0.0067%
Volume: 968,750
Nov. 13, 2019 2:38p
P/E Ratio
20.66
Dividend Yield
2.01%
Market Cap
$122.74 billion
Rev. per Employee
$544,047
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/zigman2/quotes/205536609/composite
US : U.S.: Nasdaq
$ 116.96
-1.57 -1.32%
Volume: 379,465
Nov. 13, 2019 2:36p
P/E Ratio
27.63
Dividend Yield
0.89%
Market Cap
$12.60 billion
Rev. per Employee
$311,896
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/zigman2/quotes/205690765/composite
US : U.S.: NYSE
$ 37.24
-1.89 -4.83%
Volume: 79,500
Nov. 13, 2019 2:34p
P/E Ratio
18.30
Dividend Yield
2.37%
Market Cap
$1.68 billion
Rev. per Employee
$1.11M
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