United Airlines' stock extends a record win streak, fueling Dow transports rally

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The Dow Jones Transportation Average is surging 1.9% in recent trading, to outperform its sister index, the Dow Jones Industrial Average, by a wide margin, to put it on track to close at the highest price since July 31, 2023.

Keep in mind that the Dow transports hasn’t closed at a record since the Nov. 2, 2021 close of 17,039.38, while the Dow industrials closed at a record 43,065.22 two days ago.

United’s stock has run up 15.3% this week, and was headed for an 11th straight weekly gain. That’s way past the previous record of eight-straight weekly gains, which ended the week through Jan. 12, 2018.

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