The Dow Jones Industrial Average ( ^DJI) is trading down 11.0 points at 15,449 as of Friday, Jul 12, 2013, 1:35 p.m. ET. During this time, 298.9 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 1,262 issues advancing vs. 1,689 declining with 100 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with an 11-cent decline (-0.1%) bringing the stock to $99.58. This single loss is lowering the Dow Jones Industrial Average by 0.83 points or roughly accounting for 7.5% of the Dow's overall loss. Volume for United Technologies currently sits at 2.6 million shares traded vs. an average daily trading volume of 3.4 million shares. United Technologies has a market cap of $89.9 billion and is part of the industrial goods sector and industrial industry. Shares are up 19.2% year to date as of Thursday'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.