Volkswagen Deal Sends D20 Over 150

The Driverless Transportation (D20) Stock Index jumped 1.4 percent this week, closing Friday at 150.31, its first close above the 150 mark since early January. Paced by 13 gainers and seven losers, the D20 easily beat the less than 1 percent rise notched by the Dow and the S&P 500.

Leading the D20 in price gained this week with a 13.4 percent leap, Volkswagen (VLKPY) announced it had settled with US regulators over its emission scandal. The settlement will punish Volkswagen dearly as some estimates put the total cost as high as $42 billion.

Swedish truck maker Volvo AB (VOLV-B) jumped 9.3 percent in price, almost crossing the SEK 100 barrier with a close at SEK 99.15. By losing $40.23 or 5.3 percent per share, Alphabet (GOOG), parent of Google, helped keep the D20 in check. Alphabet’s price dropped this week after its announced earnings and revenues fell short of analyst’s predictions.

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