By Heather Gillers
While major indexes slid Monday, investors stayed confident that people will keep buying and shipping stuff, with the Dow Jones Transportation Average closing at a record high for its third straight day.
"That thing's gone vertical," said Michael Antonelli, a managing director at Baird. "It's a healthy sign for risk-taking in the stock market because you're looking at the movement of goods and services and packages. You're not looking at chip production or software. You're looking at real economic activity."
The DJTA includes trucking firms Landstar, J.B. Hunt and Old Dominion, all up more than 2% Monday afternoon.
Meanwhile shares in DoorDash and Ulta Beauty were up more than 3%, a sign investors believe consumers will spend discretionary income. And the chip bet was still going strong, with the PHLX Semiconductor index up for the 14th straight trading day, its longest winning streak in more than a decade.
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(END) Dow Jones Newswires
April 20, 2026 16:22 ET (20:22 GMT)
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