Dow Jones Industrial Average
) is trading down 156.0 points (-1.2%) at 12,471 as of Thursday, Jun 28, 2012, 1:35 p.m. ET. During this time, 336.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 704.6 million. The NYSE advances/declines ratio sits at 812 issues advancing vs. 2,132 declining with 128 unchanged.
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Holding back the Dow today is
), which is lagging the broader Dow index with a 16-cent decline (-0.8%) bringing the stock to $19.97. This single loss is lowering the Dow Jones Industrial Average by 1.21 points or roughly accounting for 0.8% of the Dow's overall loss. Volume for General Electric currently sits at 26.2 million shares traded vs. an average daily trading volume of 47.8 million shares.
General Electric has a market cap of $209.79 billion and is part of the
industry. Shares are up 10.6% year to date as of Wednesday's close. The stock's dividend yield sits at 3.4%.
General Electric Company operates as a technology and financial services company worldwide. The company has a P/E ratio of 16.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates General Electric as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, attractive valuation levels, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full General Electric Ratings Report.