The

Dow Jones Industrial Average

(

^DJI

) is trading down 167.0 points (-1.3%) at 12,335 as of Wednesday, May 23, 2012, 11:35 a.m. ET. During this time, 288.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 731.4 million. The NYSE advances/declines ratio sits at 567 issues advancing vs. 2,345 declining with 107 unchanged.

Holding back the Dow today is

Hewlett-Packard

(NYSE:

HPQ

), which is lagging the broader Dow index with a $1.06 decline (-4.9%) bringing the stock to $20.72. This single loss is lowering the Dow Jones Industrial Average by 8.02 points or roughly accounting for 4.8% of the Dow's overall loss. Volume for Hewlett-Packard currently sits at 18.3 million shares traded vs. an average daily trading volume of 19.7 million shares.

Hewlett-Packard has a market cap of $43.28 billion and is part of the

technology

sector and

computer hardware

industry. Shares are down 15.5% year to date as of Tuesday's close. The stock's dividend yield sits at 2.4%.

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 7.6, equal to the average computer hardware industry P/E ratio 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 attractive 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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