D20 Index Hitting on All Cylinders

With all of its 20 stocks increasing in price last week, the Driverless Transportation (D20) Stock Index was firing on all cylinders. It jumped nearly 7 percent, or 8.91 points, to close at 144.92. That made it the third consecutive week the D20 more than doubled the percentage increases delivered by the Dow and the S&P 500.

The rise in the price of crude oil sent the Dow up 2.2 percent to finish at 17,006.77, its first weekly close over 17,000 since January 1, 2016. The S&P 500 rose 2.7 percent to close just below 2000 at 1999.99.

Volkswagen (VLKPY), which had dropped to within 15 percent of its 52-week low, soared 17 percent last week to $26.45 as rumors circulated of progress towards an agreement with the EPA over “Diesel-gate.” There are also reports that sales have started to rebound. Auto parts giant Continental (CTTAY) rebounded nicely from its recent sell-off with a 10 percent gain to close last Friday at $43.68. The smallest gainer last week (there were no losers) was Google’s parent Alphabet (GOOG), which gained $5.82 a share to close at $710.89, up 0.8 percent.

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