In One Chart: ‘Warning sign’: Dow industrials lag behind as transports keep making new highs

The Dow Jones Transportation Average hit the latest in a string of all-time highs Monday, but the Dow Jones Industrial Average has yet to challenge its pre-pandemic peak, marking a warning sign for followers of Dow Theory.

The Dow Jones Transportation Average hit the latest in a string of all-time highs Monday, but the Dow Jones Industrial Average has yet to challenge its pre-pandemic peak, marking a warning sign for followers of Dow Theory.