Dow transports take a unanimous dive, as coronavirus fears weigh

Transportation stocks were suffering broad declines Friday, as concerns that the fast-spreading coronavirus would weigh on the global economy and travel. The Dow Jones Transportation Average sank 250 points, or 2.3%, with all 20 components losing ground, to underperform the Dow Jones Industrial Average , which shed 468 points, or 1.6%, with 26 of 30 components falling. The Dow transports' biggest loser was Kirby Corp.'s stock , which tumbled 6.3% after Stifel Nicolaus analyst Benjamin Nolan downgraded the diesel engine and marine products company to hold from buy, a day after the company reported fourth-quarter earnings that missed expectations and provided a downbeat 2020 outlook. Among other more-active transport components, shares of American Airlines Group Inc. slid 3.4% and Delta Air Lines Inc. dropped 2.6%, amid concerns over travel restrictions.

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