Fed Raises Rates, Yields Hit 2007 Highs as Fuel Costs Set Records: This Week On Wall Street
The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
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QUICK SPARK: $6 Diesel Triggers JB Hunt Stock's Worst Day Since March 2020
J.B. Hunt shares plunged 13% after the trucking company warned that third-quarter profit could fall 5%–10% sequentially, citing diesel prices above $6 a gallon versus $3.70 a year ago.
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J.B. Hunt’s Diesel Shock Hits Transportation ETFs: Which Funds Have the Most Fuel-Sensitive Exposure?
J.B. Hunt’s profit warning and record diesel prices are putting transportation ETFs under pressure. Here’s how XTN, IYT and FTXR compare on trucking exposure.