SA: Sharp drops across transportation sector

December 4, 2018 Alessandro Pasetti

Seeking Alpha reports: “Broad selling in the transportation sector is being taken by some market watchers as a leading indication of weakening investor sentiment on stocks as a whole. While FedEx (FDX -5.8%), UPS (UPS -6.2%) and trucking stocks were hit by biting analyst commentary this morning (Amazon Air impact, intermodal pricing) – railroad and airline stocks are also seeing some selling pressure.”

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