Market Extra: Dow transports just booked their longest losing streak in 9 years

The Dow Jones Transportation Average on Tuesday booked its longest stretch of consecutive losses since 2011, and another decline would represent its longest skid in about a decade, according to FactSet data.

However, the skid for the closely watched gauge — often used as a proxy for the health of the overall economy — is notable for both its shallowness and its occurrence in tandem with the Dow Jones Industrial Average DJIA, -0.05% mostly trading sideways.

Dow transports DJT, -0.82% fell for an eighth straight session, matching a decline that ended Aug. 2, 2011. Meanwhile, the Dow has finished in negative territory just over half the time over the same trading period.

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