Dow transports’ out-gains broader stock market again; American Airlines leads airline stocks higher
The Dow Jones Transportation Average DJT, +0.98% rallied 0.6% toward a fifth-straight gain in morning trading Thursday, as another day of strength in its airline components helped the transports outperform the broader stock market, again. American Airlines Group Inc.’s AAL, +6.40% stock jumped 5.3%, enough to pace the Dow transports’ and the S&P 500’s SPX, +0.41% gainers. In other more-active airline stocks, shares of Delta Air Lines Inc. DAL, +1.93% climbed 2.5%, JetBlue Airways Corp. JBLU, +1.04% hiked up 1.1%, Southwest Airlines Co. LUV, +3.09% rose 3.0% and United Continental Holdings Inc. UAL, +3.96% tacked on 3.4%. The NYSE Arca Airline Index XAL, +1.83% jumped 2.4%, putting it on track for the highest close since Feb. 26. Meanwhile, the Dow Jones Industrial Average DJIA, +0.39% tacked on 30 points, or 0.1%, and the S&P 500 advanced 0.2%. On Wednesday, the Dow transports rose 0.5%, while both the Dow industrials and the S&P 500 fell 0.2%.