Tower Bridge: James M. Meyer, chief investment officer at Tower Bridge Advisors, said that weakness in transportation stocks is weighing on markets, according to Market Watch. The Dow Transportation index DJT, -0.85% dropped 0.9% to 8,239.58, and is down more than 10% from its peak reached on November 28. U.S. stocks ended Thursday choppy session lower as losses among energy and industrials companies weighed on broader indexes. The transport index is watched by investors because it is often viewed as a barometer of the health of the overall economy. The S&P 500 SPX, -0.30% fell 6.27 points, or 0.3%, to 2,102.31, with eight of its 10 main sectors finishing lower. Main indexes closed lower for the second straight session.
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