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: Dow transports dive as UPS’s stock selloff cuts more than 100 points off the index’s price

MarketWatch

The transportation sector was taking a beating Tuesday, much worse than the broader stock market, due in part to a big selloff in United Parcel Service Inc.’s The Dow Jones Transportation Average DJT dove 421 points, or 2.9%, in morning trading, while the Dow Jones Industrial Average DJIA fell 84 points, or 0.3%, and the S&P 500 shed 0.7%.

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: Avis Budget’s big stock rally give Dow transports a 99-point boost

MarketWatch

The Dow Jones Transportation Average DJT was rallying 66 points, or 0.4%, while its sister index, the Dow Jones Industrial Average DJIA, fell 122 points, or 0.4%, almost entirely because of one stock. was adding about 99 points to the Dow transports’ price. Avis Budget Group Inc.’s s stock CAR shot up 7.4% Avis Budget Group Inc.’s

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: Union Pacific stock surge would add more than about 120 points to the Dow transports

MarketWatch

in premarket trading Friday, which by themselves would lead the Dow Jones Transportation Average DJT to outperform the broader stock market, after railroad operator said Chief Executive Lance Fritz would step down after eight years in the role. The implied price gain would add about 119 points to the Dow transports’ price.

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Saturday links: a generous act of faith

Abnormal Returns

cnbc.com) Transport An increasing proportion of used car sales now happen online. wsj.com) Blade is an organ transport company in disguise. (electrek.co) Mercedes Benz has unveiled an EV version of the G wagon. engadget.com) Honda ($HMC) is building out its EV capacity in North America.

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This Year’s Hottest Tech IPO May Be a Transportation Firm

Advisor Perspectives

Share debuts among technology companies haven’t inspired confidence this year, with two of the largest offerings sliding below their listing prices within the first week. The next big deal may reignite interest in IPOs because of a unique set of traits.

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: Oshkosh to pay $800 million to buy John Bean Technologies’ AeroTech business to enter the air transportation support market

MarketWatch

Oshkosh said the purchase of AeroTech, which provides aviation ground support products and gate equipment and airport services, will give Oshkosh an entrance into the air transportation support market. The deal, which is expected to close in the third quarter of 2023, should add to Oshkosh’s margins and deliver recurring revenue.

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Personal finance links: retirement preparedness

Abnormal Returns

wsj.com) Spending High housing and transportation costs will wreck your finances. (crr.bc.edu) The issues that ensue when one spouse goes into a nursing home. nytimes.com) A record number of Americans are going to turn 65 over the next few years. awealthofcommonsense.com) Don't borrow for discretionary purchases.