Why a slide in transportation stocks may be flashing recession warning

Shares of transportation stocks are lagging behind the broader U.S. stock market, reflecting rising investor concerns of a recession following weaker demand for goods, travel and materials, while underscoring how economic uncertainties could choke off a strong run for the transportation industry.

The Dow Jones Transportation Average DJT, which tracks 20 U.S. transportation stocks from industries such as airlines, trucking, marine transportation, delivery services, and logistics, has fallen behind the broader stock market since…

You May Also Like

China holds benchmark lending rates steady

China’s benchmark lending rates were kept steady after the central bank held…

Dow closes up more than 100 points as earnings season begins, stocks book best week of gains in 2 months

U.S. stocks finished higher Friday, as investors weighed a flurry of bank…

Investors pull ExxonMobil climate motion after oil supermajor sues

Investors have withdrawn a climate resolution at ExxonMobil after the oil supermajor…

The Fed pivot is near, and yield curve inversion has likely peaked. That’s usually bad news for stocks, this Fidelity strategist says.

The Federal Reserve on Wednesday opted for a dovish hike over a…