The iShares Dow Jones U.S. Transportation Fund(IYT Quote), which tracks the Dow Jones Transportation Index, received some bad news this week when the International Air Transport Association (IATA) announced it expects airlines to lose $9 billion this year.
One of the anticipated drags on the industry is higher oil prices, which have climbed to more than $70 per barrel, up from the $50s in early May. From May 8 through May 13, IYT lost 10.5%. The decline was led by Overseas Shipholding(OSG Quote) (5.06% of assets), which lost more than 16%. FedEx(FDX Quote) (8.98 %) and Union Pacific(UNP Quote) (8.37%) were two other laggards over the period.
After the decline, IYT traded sideways until the end of May, when it began to rally. Leading the way were Con-way(CNW Quote) (6.33%) and J.B. Hunt(JBHT Quote) (5.64%), which rallied stronger than the rest of the top holdings. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
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|
UP
22.75
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UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
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+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
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