Dow transports reach highest level in more than two years

The Dow Jones Transportation Average on Wednesday traded its best intraday level in more than two years, when it last reached a record high. The Dow transports touched an intraday level of 9,260.77, and were last up 1.3% at just under 9,260. Back in late November 2014, the Dow transports hit an intraday record of 9,310.22, according to FactSet data. For its part, the Dow Jones Industrial Average also touched an intraday record of Wednesday, and was last up 0.5% at 19,342.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.