The Dow Jones Industrial Average ( ^DJI) is trading up 128 points (+0.8%) at 15,419 as of Thursday, Jul 11, 2013, 1:35 p.m. ET. During this time, 285.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612 million. The NYSE advances/declines ratio sits at 2,499 issues advancing vs. 520 declining with 49 unchanged.
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The Dow component leading the way higher looks to be Chevron (NYSE: CVX), which is sporting a two-cent gain to $122.92. This single gain is lifting the Dow Jones Industrial Average by 0.15 points or roughly accounting for 0.1% of the Dow's overall gain. Volume for Chevron currently sits at 4.1 million shares traded vs. an average daily trading volume of 6.4 million shares. Chevron has a market cap of $238.96 billion and is part of the basic materials sector and energy industry. Shares are up 13.6% year to date as of Wednesday's close. The stock's dividend yield sits at 3.2%. Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.