Dow Transports are stock-market leaders now. Here’s what that means for investors.
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Dow Transports are stock-market leaders now. Here’s what that means for investors.Listen(3 min)Listen(3 min)U.S. transportation stocks have been strong performers — but investors shouldn’t get too excited. The recent strength exhibited by the Dow Jones Transportation Average is not the bullish omen that many analysts believe.Yet the DJTA DJT has been leading the broad U.S. stock market higher recently. Its trailing three-month return, for example, is 6.3 percentage points higher than that of the Dow Jones Industrial Average DJIA. It would be bullish indeed if DJTA’s relative strength were a leading indicator of a higher market.About the AuthorMark Hulbert is a columnist for MarketWatch.
His Hulbert Ratings service tracks investment newsletters that pay a flat fee to be audited.Copyright © 2025 MarketWatch, Inc. All rights reserved.