The transportation exchange traded fund (ETF) wrapped up trading today slightly higher after oil prices took a breather.

The iShares Dow Jones Transportation Average (IYT) was up 0.8% after three of its airline holdings blasted off in trading today. Oil prices closed at $116.44 after demand for gas and other petroleum products dropped sharply in February.

  • Continental Airlines, Inc. (CAL), up 3.5%; 1.9% of the fund
  • Southwest Airlines (LUV), up 3.3%; 1.4% of the fund
  • JetBlue Airways (JBLU), up 2.6%; 0.6% of the fund

Year-to-date, IYT is up 14%.


For full disclosure, some of Tom Lydon’s clients own shares of IYT.

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