Transports Sink On Higher Oil Prices
March 01, 2011 at 15:15 PM EST
This afternoon the highly followed and traded Dow Jones Transportation Index is declining sharply as oil climbs near the $100.00 level. The iShares Dow Jones Transport ETF (NYSE:IYT) is trading lower by $2.50 to $89.72 a share. This is nearly a 3.00 percent decline for this broad index. The index is now trading below it’s [...]