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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 -0.44% 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 +1.82% tumbled 12.4%, car rental company Avis Budget Group Inc. /zigman2/quotes/203618115/composite CAR -3.13% sank 10.9% and trucker J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT -0.22% 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 -2.81% , which fell 2.0%. Meanwhile, the Dow transports' sister index, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.27% , fell 1,033 points, or 3.2%, also toward a 14-month low.

/zigman2/quotes/210598063/delayed
US : Dow Jones Indices
13,221.94
-58.49 -0.44%
Volume: 108.76M
June 29, 2022 5:16p
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/zigman2/quotes/205822689/composite
US : U.S.: Nasdaq
$ 255.29
+4.57 +1.82%
Volume: 709,412
June 29, 2022 4:00p
P/E Ratio
26.07
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
$ 150.48
-4.87 -3.13%
Volume: 692,668
June 29, 2022 4:00p
P/E Ratio
4.64
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
$ 157.30
-0.35 -0.22%
Volume: 383,749
June 29, 2022 4:00p
P/E Ratio
19.51
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
$ 60.98
-1.76 -2.81%
Volume: 299,869
June 29, 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
31,029.31
+82.32 +0.27%
Volume: 273.97M
June 29, 2022 5:16p
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