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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 -1.07% 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 -4.26% 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 -2.18% and American Airlines Group Inc.'s /zigman2/quotes/209207041/composite AAL -3.32% 2.4% rally. Meanwhile, United Parcel Service Inc.'s stock /zigman2/quotes/201245396/composite UPS -0.21% 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 -1.92% , 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
11,095.09
-119.92 -1.07%
Volume: 122.06M
Sept. 23, 2020 5:08p
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/zigman2/quotes/203618115/composite
US : U.S.: Nasdaq
$ 27.66
-1.23 -4.26%
Volume: 2.30M
Sept. 23, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.01 billion
Rev. per Employee
$304,133
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 29.56
-0.66 -2.18%
Volume: 17.36M
Sept. 23, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$19.28 billion
Rev. per Employee
$499,337
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 11.93
-0.41 -3.32%
Volume: 45.29M
Sept. 23, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.28 billion
Rev. per Employee
$345,547
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/zigman2/quotes/201245396/composite
US : U.S.: NYSE
$ 161.55
-0.34 -0.21%
Volume: 3.84M
Sept. 23, 2020 4:02p
P/E Ratio
32.09
Dividend Yield
2.50%
Market Cap
$139.77 billion
Rev. per Employee
$149,503
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,763.13
-525.05 -1.92%
Volume: 463.20M
Sept. 23, 2020 5:08p
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