The Dow Jones Industrial Average ( ^DJI) is trading up 62 points (+0.4%) at 15,036 as of Tuesday, Jul 2, 2013, 10:35 a.m. ET. During this time, 114.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 622.2 million. The NYSE advances/declines ratio sits at 1,616 issues advancing vs. 1,212 declining with 106 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a $1.37 gain (+2.6%) bringing the stock to $53.48. This single gain is lifting the Dow Jones Industrial Average by 10.37 points or roughly accounting for 16.7% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at seven million shares traded vs. an average daily trading volume of 23.1 million shares. JPMorgan Chase has a market cap of $199.53 billion and is part of the financial sector and banking industry. Shares are up 19.4% year to date as of Monday's close. The stock's dividend yield sits at 2.9%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates JPMorgan Chase 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, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.