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Aug. 11, 2020, 12:54 p.m. EDT

Dow transports rally toward 10th-straight gain, longest win streak in over 7 years

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By Tomi Kilgore

The Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT +0.81% charged up 138 points, or 1.3%, in morning trading Tuesday to ride a 10-day win streak back into a positive territory for the year, amid increasing optimism that a new stimulus package will provide a fresh jolt to an improving economy. The Dow transports has soared 13.5% during its current win streak, would be the longest since the 10-day stretch of gains ending Jan. 28, 2013. Avis Budget Group Inc.'s stock /zigman2/quotes/203618115/composite CAR -0.61% surged 11.5% to pace the index's gainers, as new highs in post-COVID-19 travel demand provided a boost for the auto rental company. That also helped lift the stock of all six of the index's airline components, led by the 3.0% surge in Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +1.24% and American Airlines Group Inc.'s /zigman2/quotes/209207041/composite AAL +1.44% 2.4% rally. Meanwhile, United Parcel Service Inc.'s stock /zigman2/quotes/201245396/composite UPS +2.47% was the index's biggest decliner, as it shed 2.4% to snap a 5-day win streak that had lifted it to a record close on Monday. The Dow transports, on track for the first close above 11,000 since Feb. 20, is now up 0.9% year to date, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.05% , which is running up 268 points, or 1.0% on Tuesday, has slipped 1.7% this year.

/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
11,207.89
+90.41 +0.81%
Volume: 33.75M
Sept. 25, 2020 10:38a
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/zigman2/quotes/203618115/composite
US : U.S.: Nasdaq
$ 27.04
-0.16 -0.61%
Volume: 463,759
Sept. 25, 2020 10:38a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.89 billion
Rev. per Employee
$304,133
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 29.37
+0.36 +1.24%
Volume: 5.28M
Sept. 25, 2020 10:38a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$18.50 billion
Rev. per Employee
$499,337
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 11.94
+0.17 +1.44%
Volume: 9.94M
Sept. 25, 2020 10:38a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$5.99 billion
Rev. per Employee
$345,547
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/zigman2/quotes/201245396/composite
US : U.S.: NYSE
$ 164.38
+3.97 +2.47%
Volume: 1.03M
Sept. 25, 2020 10:38a
P/E Ratio
32.68
Dividend Yield
2.46%
Market Cap
$138.49 billion
Rev. per Employee
$149,503
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,829.25
+13.81 +0.05%
Volume: 89.95M
Sept. 25, 2020 10:38a
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