The Dow Jones Transportation Average on Friday produced its lengthiest series of losses since 1972, highlighting a recent slump that has taken hold of the broader stock market.

The Dow transports

DJT, -0.45%

created by Charles Dow in 1884 (the Dow Jones Industrial Average was formed in 1896), has fallen in 11 consecutive sessions. The 135-year-old index has only logged five periods in which it declined for 11 consecutive sessions, and five points where it has registered a 12-day drop, according to Dow Jones Market Data and S&P Dow Jones Indices.

Check out the complete table of declines of at least 10 sessions below:

The recent skid for the closely watched gauge is significant because it is often used as a proxy for the health of the overall economy, and the stumble comes amid increased fretting over the health of the global economy.

Fears that a contraction abroad may spillover into the U.S. were heightened early Friday after American businesses in February created the fewest number of new jobs in 17 months, a comparatively paltry 20,000 payroll additions on the month after averaging some 200,000 jobs over the past year.

Read: ‘Don’t hit panic’ — economists find the jobs report wasn’t as bad as 20,000 headline suggests

That employment data came a day after the European Central Bank unfurled a fresh batch of bank stimulus to address signs of weakness in the eurozone economy.

Concerns about a knock-on effect domestically and unresolved U.S.-China tariff dispute intensified on Friday, pushing the Dow Jones Industrial Average

DJIA, -0.09%

to its fifth straight day of losses, and a decline in eight of the last nine sessions. On top of that, news out of China showing that the second-largest economy reported a 20% drop in February exports on the heels of a 9.1% gain in January, didn’t exactly incite a buying mood on Wall Street.

Read: Man credited with calling the 2008 crisis says the next 20 years in the stock market will ‘break a lot of hearts’

The benchmark reflects the performance of 20 large transportation companies, ranging from railroad operators to airlines. According to proponents of the century-old Dow Theory, the gauge, along with the Dow industrials, tends to be an accurate barometer of domestic economic health.

Alaska Air Group Inc.

ALK, -0.59%

(off 9.4% year to date), United Continental Holdings Inc.

UAL, -0.25%

(2% lower year to date), Delta Air Lines Inc.

DAL, +0.00%

(down 1.5% so far in 2019), American Airlines Group Inc.

AAL, -0.96%

(slipping 0.7% in the first three months of the year) and JetBlue Airways Corp.

JBLU, -0.68%

 (down 0.3% in 2019), are the worst performers among the Dow transports.

For the week, the Dow industrials lost 2.2% drop, the S&P 500

SPX, -0.21%

shed 2.2% and the Nasdaq Composite Index

COMP, -0.18%

declined 2.5%, snapping a 10-week win streak in the process. Transports, meanwhile, lost 3.3% for the week.

All that said, markets also are coming off a brisk pace of gains to start the year, with the Dow and S&P 500 still boasting a year-to-date return of more than 9%, the Nasdaq up 11.7% thus far in 2019, and transports up 10.3% in the first three months of the year, despite the index’s recent slide.

Check out: Why the ECB’s surprise policy moves sent shivers through global stock markets

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