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.
Dow Jones Industrial Average
) closed down 350.0 points (-2%) at 17,596. During the day, 373.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 340.3 million. The NYSE advances/declines ratio closed at 287 issues advancing vs. 2,885 declining with 76 unchanged.
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Holding the Dow back today was
), which lagged the broader Dow index with a $5.52 decline (-2.6%) bringing the stock to $207.65. This single loss lowered the Dow Jones Industrial Average by 41.78 points or roughly accounting for 11.9% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at 3.3 million shares traded vs. an average daily trading volume of 2.5 million shares.
Goldman Sachs Group has a market cap of $91.94 billion and is part of the financial sector and financial services industry. Shares are up 10% year-to-date as of Friday's close. The stock's dividend yield sits at 1.2%.
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
TheStreet Ratings rates Goldman Sachs Group as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Goldman Sachs Group Ratings Report.