The Dow Jones Industrial Average ( ^DJI) closed up 169 points (+1.1%) at 15,460. During the day, 518.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 612 million. The NYSE advances/declines ratio closed at 2,673 issues advancing vs. 398 declining with 50 unchanged.
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The Dow component that led the way higher today was United Technologies (NYSE: UTX), which sported a $1.90 gain (+1.9%) bringing the stock to $99.69. This single gain lifted the Dow Jones Industrial Average by 14.38 points or roughly accounting for 8.5% of the Dow's overall gain. Volume for United Technologies ended the day at 3.7 million shares traded vs. an average daily trading volume of 3.4 million shares. United Technologies has a market cap of $90.11 billion and is part of the industrial goods sector and industrial industry. Shares are up 19.2% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%. United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.