Dow Jones (DJIA) Today: International Business Machines (IBM) Higher - TheStreet

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The

Dow Jones Industrial Average

(

^DJI

) is trading down 6.0 points at 16,999 as of Wednesday, Oct 29, 2014, 10:36 a.m. ET. During this time, 62 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 323.8 million. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,493 declining with 186 unchanged.

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The Dow component leading the way higher looks to be

International Business Machines

(NYSE:

IBM

), which is sporting a 15-cent gain to $163.75. Volume for International Business Machines currently sits at 1.3 million shares traded vs. an average daily trading volume of 3.9 million shares.

International Business Machines has a market cap of $161.48 billion and is part of the technology sector and computer software & services industry. Shares are down 12.8% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.7%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

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 and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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