The Dow Jones Industrial Average ( ^DJI) is trading down 22.0 points (-0.1%) at 15,278 as of Wednesday, Jul 10, 2013, 10:35 a.m. ET. During this time, 115.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 614.1 million. The NYSE advances/declines ratio sits at 1,216 issues advancing vs. 1,585 declining with 140 unchanged.
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The Dow component leading the way higher looks to be Cisco Systems (Nasdaq: CSCO), which is sporting a 24-cent gain (+1%) bringing the stock to $25.40. Volume for Cisco Systems currently sits at 11.1 million shares traded vs. an average daily trading volume of 41.2 million shares. Cisco Systems has a market cap of $131.6 billion and is part of the technology sector and computer hardware industry. Shares are up 25.3% year to date as of Tuesday's close. The stock's dividend yield sits at 2.8%. Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP) based networking and other products related to the communications and information technology industries worldwide. TheStreet Ratings rates Cisco Systems 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, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.