Planes, Trains and Autos Riding Higher

Stocks from financials to health care helped fuel the postelection rally. But investors also are putting their money on the shares of train, truck and shipping companies, betting on an acceleration in U.S. economic growth. The Dow Jones Industrial Average’s surge to 19000 has been accompanied by an even sharper rise in freight operators’ shares. The Dow Jones Transportation Average, a 20-company index that includes shippers and air carriers, has climbed 7% since the election, ahead of the Dow industrials’ 3.7% rise to fresh highs.  “The transportation average often is a leading indicator for the economy, ” said Bruce Bittles, chief investment strategist at Robert W. Baird. “If we get everything in gear, it suggests everything is in harmony to the upside.”

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