The Dow Jones Industrial Average ( ^DJI) is trading down 41.0 points (-0.3%) at 15,443 as of Tuesday, Jul 16, 2013, 12:35 p.m. ET. During this time, 268.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 607.1 million. The NYSE advances/declines ratio sits at 951 issues advancing vs. 1,969 declining with 95 unchanged.
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Holding back the Dow today is Boeing (NYSE: BA), which is lagging the broader Dow index with a $1.23 decline (-1.2%) bringing the stock to $104.43. This single loss is lowering the Dow Jones Industrial Average by 9.31 points or roughly accounting for 22.7% of the Dow's overall loss. Volume for Boeing currently sits at 3.5 million shares traded vs. an average daily trading volume of 5.5 million shares. Boeing has a market cap of $77.29 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 35.2% year to date as of Monday's close. The stock's dividend yield sits at 1.9%. 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.