Wall Street: Struggling Dow Transport Stocks Could be Economic Warning Signal

June 03, 2024, 07.38 AM | Source: Reuters
Wall Street: Struggling Dow Transport Stocks Could be Economic Warning Signal

ILUSTRASI. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 17, 2024. REUTERS/Brendan McDermid

WALL STREET - NEW YORK, May 31 (Reuters) - It's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot.

The Dow Jones Transportation Average .DJT has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark S&P 500 .SPX and the 1% rise in the Dow Jones Industrial Average .DJI, which topped 40,000 points for the first time this month.

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