The Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT +1.37% rallied 164 points, or 1.5%, putting it on course for the 11th straight gain to the highest close since Jan. 24, amid a broader stock market rally which has been fueled of late by hopes that the negative impact of the COVID-19 pandemic will soon fade. An 11-session win streak would be the longest since the 11-day stretch that ended March 18, 2010. The index has gained 14.0% during its current streak, compared with a 6.6% gain during its March 2010 streak. The 19 of 20 Dow transports components gaining ground Wednesday were led by FedEx Corp.'s stock /zigman2/quotes/203047719/composite FDX +2.44% , which rallied $8.03, or 4.1%, to add about 49 points to the index's price. Among the other more-active components, shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +4.42% climbed 0.8%, United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL +4.46% advanced 0.7% and Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +2.65% rose 0.5%. Among other top gainers, shares of Avis Budget Group Inc. /zigman2/quotes/203618115/composite CAR +0.04% hiked up 2.6%, Ryder System Inc. /zigman2/quotes/208674852/composite R +0.56% climbed 2.2% and United Parcel Service Inc. /zigman2/quotes/201245396/composite UPS +3.56% were up 2.1%. The Dow transports has now gained 1.4% year to date, while its sister index, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.34% , has lost 2.1%.