Transportation stocks were the market’s best-performing sector on Thursday and the action extended the rally in related exchange traded funds.
Companies in the transportation sector such as UPS (NYSE: UPS), Delta (NYSE: DAL) and CSX (NYSE: CSX) have beat Wall Street forecasts, reports Don Dion at The Street.com.
The $650 million iShares Dow Jones Transportation Average Index Fund (NYSEArca: IYT) was trailing the S&P 500 year to date by a slight margin with a 6.9% gain through April 27, according to Morningstar.
Some market commentators think the venerable Dow Theory is giving investors the green light to buy stocks. [Dow Theory With ETFs.]
iShares Dow Jones Transportation Average Index Fund
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