Dow transports charges higher as record UPS stock surge provides a near 200-point boost

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The Dow Jones Transportation Average DJT, +2.14% charged up 281 points, or 1.8%, to outperform the broader stock market by a wide margin, as big surge in United Parcel Service Inc.’s stock UPS, +14.08% on the back of a blowout fourth-quarter report provided a boost. UPS’s stock powered up 15.3% toward a one-day record gain and a record close, with the $30.94 price gain adding about 189 points to the Dow transports’ price. Shares of fellow package delivery provider FedEx Corp. FDX, +2.50% got a reciprocal boost of $7.60, or 3.1%, to add about 46 points to the Dow transports. Meanwhile, the Dow Jones Industrial Average DJIA, +0.78% rose 52 points, or 0.2%, and the S&P 500 SPX, +0.69% ticked up 0.1%.

This article was originally published by Marketwatch.com. Read the original article here.

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