Reported about 19 hours ago
Transportation stocks saw significant declines on Wall Street, with the Dow Jones Transport average dropping over 2.6% due to weak economic indicators and fears of tariffs. Major companies like Old Dominion, Avis Budget, and several airlines, including Alaska Air and United Airlines, faced steep losses. Economic data highlighted a slowdown in U.S. business activity and falling consumer confidence, compounded by concerns over proposed tariffs by the Trump administration, affecting overall market sentiment.
Source: YAHOO