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 191.0 points (-1%) at 18,041. During the day, 347.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 360.1 million. The NYSE advances/declines ratio closed at 663 issues advancing vs. 2,435 declining with 118 unchanged.
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Holding the Dow back today was
), which lagged the broader Dow index with a $2.09 decline (-1.2%) bringing the stock to $170.13. This single loss lowered the Dow Jones Industrial Average by 15.82 points or roughly accounting for 8.3% of the Dow's overall loss. Volume for International Business Machines ended the day at 3.8 million shares traded vs. an average daily trading volume of 4.2 million shares.
International Business Machines has a market cap of $169.59 billion and is part of the technology sector and computer software & services industry. Shares are up 7.3% year-to-date as of Friday's close. The stock's dividend yield sits at 3%.
International Business Machines Corporation provides information technology (IT) products and services worldwide.
TheStreet Ratings rates International Business Machines as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full International Business Machines Ratings Report.