Dow Theory

The Dow Jones Industrial Average plummeted today, posting its biggest loss since May 29; meanwhile the S&P 500 is on a losing streak that hasn’t been matched in upwards of 2 years.

Transport stocks outperforming broader economy; FedEx adds robots to distribution centers; Knight-Swift picks up a 400 truck fleet; CMA CGM turned around in 2017; Union Pacific’s drones monitoring workers cause union trouble. 

Markets are meant to contain some volatility. While 1,000 point drops in the Dow are unsettling, it still makes for an index whose value is greater than 24,000. Such a move is only around 4% — common enough as far as such corrections go.