The exception was among transportation stocks, with the airlines in particular suffering after a rally on Thursday.
Thus, some analysts said, the transportation stocks were due for a fall.
The transportation stocks have been leading the industrial stocks lower for the last two weeks, he noted.
But transportation stocks, which have been highly volatile lately, got hit hard yesterday.
The transportation stocks are moving up because that sector has come into favor.
For 1991 so far, the transportation stocks have risen 44 percent.
Thus, investors in transportation stocks should be prepared for jolts.
Good news on oil often lifts transportation stocks, as it did yesterday.
The biggest decliner among the transportation stocks carried not people but things.
Although few sectors of the market managed to post gains yesterday, transportation stocks were an exception.