The US may be travelling better than you think

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"One of Wall Street’s leading barometers of the US economy suggests a gloomy outlook may be misplaced, bolstering expectations of a stronger rebound for the broad equity market. The Dow Jones Transportation Average achieved its sixth consecutive weekly gain on Friday, repairing a bruising start to the year when the barometer fell some 12 per cent by mid-January. The rebound for the closely watched average, which includes 20 companies such as UPS, railroad Norfolk Southern and Delta Air Lines, is seen as a sign that the broader US equity market can gain further momentum in the coming weeks." (Source: The Financial Times) (VIEW LINK)


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