The D20 Follows the Dow Down

In a down week for both the Dow and S&P 500 indexes, the Driverless Transportation (D20) Stock Index lost 4.2 percent of its value and ended the week below 160 at 156.74. The Dow lost 3.26 percent to finish at 17265.21 while the S&P 500 lost 3.79 percent, closing the week at 2012.37.

It was almost a total rout for the D20 with only one stock, Volkswagen (VLKPY), finishing with a higher price this week. Volkswagen got some good news with the announcement that a consortium of 13 banks has offered it loans totaling $30.6 billion to help the auto OEM weather “diesel-gate.” Volkswagen climbed 1 percent, ending the week at $28.20.

With 19 stocks firmly in the red, D20’s leading loser this week was Volvo (VOLVY). The Swedish truck manufacturer lost nearly 9 percent to close the week at $9.02. Following closely on Volvo’s heels were Magna (MGA), dropping 7.4 percent, and Delphi (DLPH), recording a loss of 6.7 percent.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.