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May 18, 2022, 2:29 p.m. EDT

Dow transports suffer unanimous selloff toward a 14-month low

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By Tomi Kilgore

The Dow Jones Transportation Average /zigman2/quotes/210598063/delayed DJT -0.49% nosedived 1,031 points, or 7.0%, in afternoon trading Wednesday, will all 20 components trading lower, putting it on track for a 14-month closing low. That puts the Dow industrials on track for the biggest one-day decline since it lost 7.7% on June 11, 2020. Of the index's biggest losers, shares of trucker Old Dominion Freight Line Inc. /zigman2/quotes/205822689/composite ODFL +0.39% tumbled 12.4%, car rental company Avis Budget Group Inc. /zigman2/quotes/203618115/composite CAR -2.26% sank 10.9% and trucker J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT +0.11% dropped 9.9%. The price declines of those three stocks accounted for a combined 455 points of the Dow transports' decline. The index's best performer air carrier Southwest Airlines Co.'s stock /zigman2/quotes/207111313/composite KEX -0.23% , which fell 2.0%. Meanwhile, the Dow transports' sister index, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.82% , fell 1,033 points, or 3.2%, also toward a 14-month low.

/zigman2/quotes/210598063/delayed
US : Dow Jones Indices
13,156.90
-65.04 -0.49%
Volume: 119.23M
June 30, 2022 5:30p
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/zigman2/quotes/205822689/composite
US : U.S.: Nasdaq
$ 256.28
+0.99 +0.39%
Volume: 977,578
June 30, 2022 4:00p
P/E Ratio
26.17
Dividend Yield
0.47%
Market Cap
$28.94 billion
Rev. per Employee
$237,801
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/zigman2/quotes/203618115/composite
US : U.S.: Nasdaq
$ 147.08
-3.40 -2.26%
Volume: 478,004
June 30, 2022 4:00p
P/E Ratio
4.54
Dividend Yield
N/A
Market Cap
$7.27 billion
Rev. per Employee
$493,952
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/zigman2/quotes/205536609/composite
US : U.S.: Nasdaq
$ 157.47
+0.17 +0.11%
Volume: 580,566
June 30, 2022 4:00p
P/E Ratio
19.53
Dividend Yield
1.02%
Market Cap
$16.48 billion
Rev. per Employee
$394,575
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/zigman2/quotes/207111313/composite
US : U.S.: NYSE
$ 60.84
-0.14 -0.23%
Volume: 358,938
June 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.68 billion
Rev. per Employee
$460,603
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
30,775.43
-253.88 -0.82%
Volume: 397.27M
June 30, 2022 5:30p
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