The Dow Jones Industrial Average ( ^DJI) is trading up six points at 15,470 as of Monday, Jul 15, 2013, 10:35 a.m. ET. During this time, 111.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 608.3 million. The NYSE advances/declines ratio sits at 1,596 issues advancing vs. 1,224 declining with 114 unchanged.
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Holding back the Dow today is JPMorgan Chase (NYSE: JPM), which is lagging the broader Dow index with a 27-cent decline (-0.5%) bringing the stock to $54.70. Volume for JPMorgan Chase currently sits at 8.5 million shares traded vs. an average daily trading volume of 22.6 million shares. JPMorgan Chase has a market cap of $208.41 billion and is part of the financial sector and banking industry. Shares are up 25.4% year to date as of Friday's close. The stock's dividend yield sits at 2.8%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. TheStreet Ratings rates JPMorgan Chase 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, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.