The Dow Jones Industrial Average ( ^DJI) is trading down 188.0 points (-1.5%) at 12,636 as of Thursday, Jun 21, 2012, 1:35 p.m. ET. During this time, 426.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 700.4 million. The NYSE advances/declines ratio sits at 620 issues advancing vs. 2,325 declining with 125 unchanged.
Holding back the Dow today is Home Depot (NYSE: HD), which is lagging the broader Dow index with a $1.10 decline (-2.1%) bringing the stock to $51.73. This single loss is lowering the Dow Jones Industrial Average by 8.33 points or roughly accounting for 4.4% of the Dow's overall loss. Volume for Home Depot currently sits at 10 million shares traded vs. an average daily trading volume of 11.4 million shares. Home Depot has a market cap of $81.08 billion and is part of the services sector and retail industry. Shares are up 26% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%. The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 20, below the average retail industry P/E ratio of 20.1 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth 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.