Traders are watching these stocks as an early indicator of how the economy reopening is going

They went into low gear ahead of the broader market in March, with some hitting their lows in the weeks before the market bottom on March 23.

"Our broader cyclical view of transports is unchanged: we have viewed 2020 as a likely cyclical trough for the group, a critical cyclical catalyst for domestic US freight transports," wrote Baird analysts. "The COVID-19 pandemic has clearly added incremental demand risk to the group during 2020, but historically speaking, quality freight transports tend to outperform during periods of U.S. recession.

Pro World economic prospects darken, rebound delayed simonting

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Pacific stocks set to trade mixed as investors weigh U.S.-China tensions, economies reopeningStocks in Asia Pacific were set to trade mixed as investors weighed the potential impact of rising tensions between Washington and Beijing against the reopening of economies as measures to contain the coronavirus pandemic are eased.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks climb with U.S. futuresStocks in Europe and Asia gained along with American equity-index futures as investors weighed economies reopening around the world against U.S.-China tensions. The Rich People Feelings Barometer is doing great. Too bad the economy is a disaster. They catch up soon. Stocks do not reflect the economy. Hmmmm
Source: latimes - 🏆 11. / 82 Read more »