The Dow Jones Industrial Average ( ^DJI) closed up 78 points (+0.6%) at 12,837. During the day, 693.4 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 closed at 2,375 issues advancing vs. 641 declining with 88 unchanged. The Dow component that led the way higher today was United Technologies (NYSE: UTX), which sported a $1.18 gain (+1.4%) bringing the stock to $82.57. This single gain is lifting the Dow Jones Industrial Average by 8.93 points or roughly accounting for 11.4% of the Dow's overall gain. Volume for United Technologies ended the day at 4.1 million shares traded vs. an average daily trading volume of 4.4 million shares. United Technologies has a market cap of $70.48 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 11.4% year to date as of Tuesday's close. The stock's dividend yield sits at 2.3%. United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 15.2, above the average conglomerates industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
Holding the Dow back today was Procter & Gamble (NYSE: PG), which lagged the broader Dow index with a 26-cent decline (-0.4%) bringing the stock to $66.58. Volume for Procter & Gamble ended the day at 7.1 million shares traded vs. an average daily trading volume of 10.3 million shares.
Procter & Gamble has a market cap of $177.46 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 0.2% year to date as of Tuesday's close. The stock's dividend yield sits at 3.1%. The Procter & Gamble Company provides consumer packaged goods in the United States and internationally. The company has a P/E ratio of 19.7, above the average consumer non-durables industry P/E ratio of 16.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Procter & Gamble as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.