The Dow Jones Industrial Average ( ^DJI) is trading up 67 points (+0.4%) at 15,041 as of Tuesday, Jul 2, 2013, 11:35 a.m. ET. During this time, 172.3 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 1,726 issues advancing vs. 1,169 declining with 101 unchanged.
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Holding back the Dow today is General Electric (NYSE: GE), which is lagging the broader Dow index with a 19-cent decline (-0.8%) bringing the stock to $23.15. Volume for General Electric currently sits at 16.2 million shares traded vs. an average daily trading volume of 42 million shares. General Electric has a market cap of $239.79 billion and is part of the industrial goods sector and industrial industry. Shares are up 10.5% year to date as of Monday's close. The stock's dividend yield sits at 3.3%. General Electric Company operates as an infrastructure and financial services company worldwide. The company has a P/E ratio of 16.2, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates General Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.