Stock Track | Delta Air Lines Soars 7.73% Intraday Amid Broad Transportation Rally and Economic Optimism

Stock Track
Feb 07

Delta Air Lines' stock soared 7.73% during intraday trading on Friday, as the airline led gains in the transportation sector.

The surge comes amid a broad rally in transportation stocks, with the Dow Jones Transportation Average nearing an all-time high. Strength in transportation shares is viewed as a healthy macroeconomic indicator, with positive economic data including rising truckload demand and a strong ISM Manufacturing Index reading contributing to optimism about the U.S. economy.

Analysts note that Dow Theory, which suggests a simultaneous record run in the transports and the broader market is a positive sign, is confirming that the bull market remains intact. This broader economic optimism is fueling gains across airline stocks.

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