Industry Newsdow jones transportationmanufacturinginvestor rotation
Transportation Stocks Outperform S&P 500 Sharply
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7.1
The Dow Jones Transportation Average gained sharply over the past six weeks, outperforming the S&P 500 by about 13 percentage points, Bloomberg reports. January's ISM data showed US manufacturing expanded at its fastest pace since 2022 and a stronger jobs report suggests rising freight volumes, prompting investor rotation from AI-linked tech into 'old economy' transportation names. Analysts remain mixed on sustainability and stock-specific upside.
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