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Market Extra: Dow transports on the brink of longest losing streak in about 10 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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