Us transportation index etf
Dow transports' outsized selloff is almost all FedEx's fault. The 13.9% plunge in FedEx Corp.'s stock is the main reason the Dow Jones Transportation Average is tumbling 170 points, or 1.6%; that is much worse than the performance of its sister index the Dow Jones Industrial Average , which lost 56 points, or 0.2%. The iShares Transportation Average ETF (CBOE: IYT) is the largest transportation ETF and tracks the aforementioned Dow Jones Transportation Index. As is the case with most transportation ETFs, IYT is heavily levered to engines of the U.S. economy. This transportation ETF allocates nearly 76% The passive nature of index-based ETFs can provide low-cost access to a basket of securities, as opposed to investing in individual securities. The Outlook for Airline ETFs in 2020 Consumer spending is nearly 70% of the US economy.