iShares Dow Jones Transport. Avg. ETF IYT has reversed course and gone negative, which is not a good sign for the overall health of the economy, and not a good sign for the overall health of the stock market.
At last check, shares of iShares Dow Jones Transport. Avg. were off 39 cents to $94.42, a loss of 0.4%. Shares had been as high as $96.32 earlier in the session. This comes on over 1 million shares.
This is indicative of what we're seeing in the transport names, such as UPS UPS, CSX CSX and FedEx FDX, which are all well off their earlier highs.
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