The Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT -0.63% 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 -0.78% , 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 +0.33% climbed 0.8%, United Airlines Holdings Inc. /zigman2/quotes/205037281/composite UAL +0.70% advanced 0.7% and Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL -0.10% rose 0.5%. Among other top gainers, shares of Avis Budget Group Inc. /zigman2/quotes/203618115/composite CAR +1.94% hiked up 2.6%, Ryder System Inc. /zigman2/quotes/208674852/composite R +2.82% climbed 2.2% and United Parcel Service Inc. /zigman2/quotes/201245396/composite UPS -1.11% 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 +1.20% , has lost 2.1%.