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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 +1.52% 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 +1.14% 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 +5.24% and American Airlines Group Inc.'s /zigman2/quotes/209207041/composite AAL +3.82% 2.4% rally. Meanwhile, United Parcel Service Inc.'s stock /zigman2/quotes/201245396/composite UPS +1.67% 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 +1.51% , 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
11,440.95
+170.95 +1.52%
Volume: 160.83M
Sept. 28, 2020 5:06p
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/zigman2/quotes/203618115/composite
US : U.S.: Nasdaq
$ 27.52
+0.31 +1.14%
Volume: 1.76M
Sept. 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.90 billion
Rev. per Employee
$304,133
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 31.34
+1.56 +5.24%
Volume: 22.10M
Sept. 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$19.00 billion
Rev. per Employee
$499,337
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 12.76
+0.47 +3.82%
Volume: 63.56M
Sept. 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.25 billion
Rev. per Employee
$345,547
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/zigman2/quotes/201245396/composite
US : U.S.: NYSE
$ 168.90
+2.78 +1.67%
Volume: 4.34M
Sept. 28, 2020 4:02p
P/E Ratio
33.55
Dividend Yield
2.39%
Market Cap
$143.42 billion
Rev. per Employee
$149,503
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,584.06
+410.10 +1.51%
Volume: 405.06M
Sept. 28, 2020 5:06p
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