The Dow Jones Industrial Average ( ^DJI) is trading down 43.0 points (-0.3%) at 15,417 as of Friday, Jul 12, 2013, 12:35 p.m. ET. During this time, 239.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 609.7 million. The NYSE advances/declines ratio sits at 1,253 issues advancing vs. 1,644 declining with 132 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a $6.48 decline (-6.1%) bringing the stock to $100.40. This single loss is lowering the Dow Jones Industrial Average by 49.04 points or roughly accounting for 114% of the Dow's overall loss. Volume for Boeing currently sits at 11.2 million shares traded vs. an average daily trading volume of 4.9 million shares. Boeing has a market cap of $80.04 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 40% year to date as of Thursday's close. The stock's dividend yield sits at 1.8%. The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.