The

Dow Jones Industrial Average

(

^DJI

) is trading down four points at 12,980 as of Friday, Feb 24, 2012, 10:35 a.m. ET. During this time, 121.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,586 issues advancing vs. 1,211 declining with 125 unchanged.

Holding back the Dow today is

Hewlett-Packard

(NYSE:

HPQ

), which is lagging the broader Dow index with an 18-cent decline (-0.7%) bringing the stock to $26.87. This single loss is lowering the Dow Jones Industrial Average by 1.36 points or roughly accounting for 34% of the Dow's overall loss. Volume for Hewlett-Packard currently sits at 7.6 million shares traded vs. an average daily trading volume of 17.8 million shares.

Hewlett-Packard has a market cap of $56.58 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 5% year to date as of Thursday's close. The stock's dividend yield sits at 1.7%.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The company has a P/E ratio of 10, above the average computer hardware industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hewlett-Packard as a

hold

. Among the primary strengths of the company is its reasonable valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

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