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Jan. 31, 2020, 11:42 a.m. EST

Dow transports take a unanimous dive, as coronavirus fears weigh

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By Tomi Kilgore

Transportation stocks were suffering broad declines Friday, as concerns that the fast-spreading coronavirus would weigh on the global economy and travel. The Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT +5.02% sank 250 points, or 2.3%, with all 20 components losing ground, to underperform the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.17% , which shed 468 points, or 1.6%, with 26 of 30 components falling. The Dow transports' biggest loser was Kirby Corp.'s stock /zigman2/quotes/207111313/composite KEX +7.32% , which tumbled 6.3% after Stifel Nicolaus analyst Benjamin Nolan downgraded the diesel engine and marine products company to hold from buy, a day after the company reported fourth-quarter earnings that missed expectations and provided a downbeat 2020 outlook. Among other more-active transport components, shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL +14.85% slid 3.4% and Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +13.05% dropped 2.6%, amid concerns over travel restrictions.

/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
8,895.61
+425.52 +5.02%
Volume: 375.53M
May 26, 2020 5:20p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
24,995.11
+529.95 +2.17%
Volume: 426.29M
May 26, 2020 5:20p
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/zigman2/quotes/207111313/composite
US : U.S.: NYSE
$ 52.94
+3.61 +7.32%
Volume: 552,782
May 26, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.96 billion
Rev. per Employee
$973,999
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 11.14
+1.44 +14.85%
Volume: 101.69M
May 26, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$4.10 billion
Rev. per Employee
$345,547
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/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 25.65
+2.96 +13.05%
Volume: 78.49M
May 26, 2020 4:00p
P/E Ratio
4.76
Dividend Yield
0.00%
Market Cap
$14.47 billion
Rev. per Employee
$499,337
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