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Oct. 14, 2020, 1:41 p.m. EDT

Dow transports rallies toward a record, to buck the broader stock market's selloff

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By Tomi Kilgore

The Dow Jones Transportation Average /zigman2/quotes/210598063/delayed DJT -1.30% rallied 1.2% in afternoon trading, bucking the selloff in the broader stock market, to put the transportation sector tracker on track for a record close. Alaska Air Group Inc.'s stock /zigman2/quotes/203047719/composite FDX +0.27% , which hiked up 2.4%, paced the 19 of 20 Dow transports components that were gaining ground, while Ryder System Inc. shares were second best with a 2.3% gain. Alaska Air said late Tuesday that it expected fourth-quarter capacity to be down about 40% from a year ago, and more than 4,000 employees took extended leaves as the air carrier expects to cut capacity further next year. Among some of the other more-active gainers, shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL -7.46% climbed 2.2%, Delta Air Lines Group Inc. /zigman2/quotes/200327741/composite DAL -5.82% tacked on 0.4% and United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL -7.13% advanced 2.1%. The lone loser was United Parcel Service Inc.'s stock /zigman2/quotes/201245396/composite UPS -0.16% , which slipped 0.6%. The Dow transports' rally comes while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.15% fell 172 points, or 0.6%, to sit 3.5% below its Feb. 12 record close of 29,551.42.

/zigman2/quotes/210598063/delayed
US : Dow Jones Indices
13,578.59
-179.21 -1.30%
Volume: 110.66M
May 24, 2022 4:55p
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/zigman2/quotes/203047719/composite
US : U.S.: NYSE
$ 205.25
+0.56 +0.27%
Volume: 1.93M
May 24, 2022 4:00p
P/E Ratio
13.52
Dividend Yield
1.46%
Market Cap
$53.05 billion
Rev. per Employee
$316,775
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 15.50
-1.25 -7.46%
Volume: 38.82M
May 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$10.88 billion
Rev. per Employee
$281,791
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 37.22
-2.30 -5.82%
Volume: 10.86M
May 24, 2022 4:00p
P/E Ratio
47.10
Dividend Yield
0.00%
Market Cap
$25.34 billion
Rev. per Employee
$422,868
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 41.57
-3.19 -7.13%
Volume: 13.33M
May 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$14.62 billion
Rev. per Employee
$344,578
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/zigman2/quotes/201245396/composite
US : U.S.: NYSE
$ 174.11
-0.28 -0.16%
Volume: 2.87M
May 24, 2022 4:03p
P/E Ratio
14.22
Dividend Yield
3.49%
Market Cap
$152.49 billion
Rev. per Employee
$184,734
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,928.62
+48.38 +0.15%
Volume: 382.95M
May 24, 2022 4:55p
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