The Dow Jones Transportation Average tumbled 367 points, or 4.8%, to a four-month low in afternoon trade Friday, in the aftermath of the U.K. vote to leave the European Union. That puts the index on track to suffer the third-biggest point drop in its history, and the biggest since the heart of the Great Recession, on Oct. 2, 2008. All 20 of the index’s components are falling, led by the 10% plunge in American Airlines Group Inc.’s stock , the 9% slide in United Continental Holdings shares and the 8.6% drop in the shares of Avis Budget Group Inc. . The best performing stock was Expeditors International of Washington Inc. , which lost 3.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News