The Dow Transports index ended a five day losing streak — its longest since last April — on Friday, as shares of FedEx, UPS, and Kirby were up with new momentum.
Shares of Kirby, which operates tank barges, climbed 6% to $68.50, Ryder System to $73.54, FedEx rose 2% and UPS advanced 2%.
The stocks have come under pressure as fuel and labor costs have risen, alongside concern a travel ban implemented by the Trump administration could curtail demand from some international markets.
Shares of SkyWest dropped 5%while Allegiant Travel and Alaska Air Group were down less than 1% to $162.20 and $94.25, respectively. An advance of less than 1% by Delta, United and American offset those declines.
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