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Dow Today: AT&T (T) Leads The Day Higher, Visa (V) 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 Link.

The Dow Jones Industrial Average ( ^DJI) closed down 267.0 points (-1.6%) at 16,170. During the day, 470.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 425.1 million. The NYSE advances/declines ratio closed at 667 issues advancing vs. 2,393 declining with 134 unchanged.

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The Dow component that led the way higher today was AT&T (NYSE: T), which sported a 20-cent gain (+0.6%) bringing the stock to $35.12. Volume for AT&T ended the day at 35.2 million shares traded vs. an average daily trading volume of 31.2 million shares.

AT&T has a market cap of $183.65 billion and is part of the technology sector and telecommunications industry. Shares are down 0.7% year-to-date as of Wednesday's close. The stock's dividend yield sits at 5.6%.

AT&T Inc. provides telecommunications services to consumers and businesses in the United States and internationally.

TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Holding the Dow back today was Visa (NYSE: V), which lagged the broader Dow index with a $5.99 decline (-2.9%) bringing the stock to $201.55. This single loss lowered the Dow Jones Industrial Average by 45.33 points or roughly accounting for 17% of the Dow's overall loss. Volume for Visa ended the day at 5.1 million shares traded vs. an average daily trading volume of 3.6 million shares.

Visa has a market cap of $102.17 billion and is part of the financial sector and financial services industry. Shares are down 6.8% year-to-date as of Wednesday's close. The stock's dividend yield sits at 0.7%.

Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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