mo4ch:>Oldest US stock index notches longest losing streak in nearly half a century | Mo4ch News

The Dow Jones Transportation Average, the oldest US stock index still in use and one of the most regarded economic indicators, has hit an eleventh consecutive decline, marking the longest session of losses since 1972.The closely watched index slid 0.45 percent on Friday amid negative market reaction in the US February job report. Since its creation in 1884, the Dow Transports had only five 11-day long consecutive losing streaks, including the latest. It had five periods of a 12-day plunge through its 135-years history, according to the Market Watch citing Dow Jones Market Data and S&P Dow Jones Indices. Also on rt.comIf you bought Apple stock instead of the original iPhone, which would be the better investment?The Dow Transports index reflects the performance of 20 large transportation companies, from railroad operators to airlines. Their performance is considered one of the major signs of economic health as the firms ship goods around the world. Thus the transportation companies’…