Dow transports drop to buck broader stock market gains after disappointing data

With the steep drop. loss after agreeing to sell some of its software products to India-based HCL Technologies for $1.8 billion. substantial weakness was also visible among transportation stocks,

Hospital stocks rose Monday following the withdrawal of the GOP’s bill that would have replaced significant parts of Obamacare. While the broader stock market traded lower on. shedding some bigger.

The Dow Transports retreat casts a cloud over the broader equity market as a bullish or bearish trend is flagged whenever the benchmark rallies or That left Dow Transports on course for lagging its namesake counterpart for a fifth consecutive day on Thursday. The benchmark has registered a fall of.

"The market gain has been built on a narrow group of issues. That typically is not indicative of great health," said Mark Luschini, chief investment The lack of breadth as well as the underperformance by the Dow transports could be a signal that the market rally could be sputtering out, at least for now.

The Dow and broader U.S. stock market advanced Tuesday after a pair of industrial blue-chip companies reported better than expected earnings. The rally lost some of its luster after the National Association of Realtors reported yet another month of disappointing housing sales. Dow Rallies; S&P 500, Nasdaq Follow All of Read more.

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Dow transports drop to buck broader stock market gains after disappointing data. Market Watch 19d. The Dow And S&P Poised For New Highs While Dow transports bucks broader stock market weakness, boosted by airlines and truckers. Market Watch 24d. Dow transports suffers broad selloff.

 · Stocks made up for yesterday’s losses during today’s trading, with the Dow touching a fresh record high to mark its first close above 26,000. The.

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 · It was the Dow’s biggest drop since a string of triple-digit declines in mid-July that followed disappointing profit reports and a spike in oil prices amid tensions with Iran and North Korea. Broader stock indicators also dropped sharply Monday.