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Dow Today: International Business Machines (IBM) Leads The Day Higher, United Technologies (UTX) Lags

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) closed down 46.0 points (-0.3%) at 15,612. During the day, 310.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 582.4 million. The NYSE advances/declines ratio closed at 1,246 issues advancing vs. 1,777 declining with 94 unchanged.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a 34-cent gain (+0.2%) bringing the stock to $195.50. Volume for International Business Machines ended the day at 2.5 million shares traded vs. an average daily trading volume of four million shares.

International Business Machines has a market cap of $214.5 billion and is part of the technology sector and computer software & services industry. Shares are up 1.9% year to date as of Friday's close. The stock's dividend yield sits at 1.9%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding the Dow back today was United Technologies (NYSE: UTX), which lagged the broader Dow index with a $1.13 decline (-1.1%) bringing the stock to $106.64. This single loss is lowering the Dow Jones Industrial Average by 8.55 points or roughly accounting for 18.6% of the Dow's overall loss. Volume for United Technologies ended the day at three million shares traded vs. an average daily trading volume of 3.3 million shares.

United Technologies has a market cap of $98.34 billion and is part of the industrial goods sector and industrial industry. Shares are up 31.4% year to date as of Friday's close. The stock's dividend yield sits at 2%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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