The

Dow Jones Industrial Average

(

^DJI

) closed up 211 points (+1.7%) at 12,887. During the day, 609.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 687.1 million. The NYSE advances/declines ratio closed at 2,223 issues advancing vs. 817 declining with 84 unchanged.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

The Dow component that led the way higher today was

International Business Machines

(NYSE:

IBM

), which sported a $2.87 gain (+1.5%) bringing the stock to $193.95. This single gain lifted the Dow Jones Industrial Average by 21.72 points or roughly accounting for 10.3% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.3 million shares traded vs. an average daily trading volume of 4.1 million shares.

International Business Machines has a market cap of $219.55 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 3.9% year to date as of Wednesday's close. The stock's dividend yield sits at 1.8%.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 14.2, above the average computer hardware industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

null