The Dow Jones Industrial Average ( ^DJI) is trading up 113 points (+0.7%) at 15,583 as of Thursday, Jul 18, 2013, 10:35 a.m. ET. During this time, 187 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 592.8 million. The NYSE advances/declines ratio sits at 2,149 issues advancing vs. 659 declining with 106 unchanged.
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The Dow component leading the way higher looks to be International Business Machines (NYSE: IBM), which is sporting a $4.30 gain (+2.2%) bringing the stock to $198.85. This single gain is lifting the Dow Jones Industrial Average by 32.54 points or roughly accounting for 28.8% of the Dow's overall gain. Volume for International Business Machines currently sits at 3.7 million shares traded vs. an average daily trading volume of 4.2 million shares. International Business Machines has a market cap of $214.94 billion and is part of the technology sector and computer software & services industry. Shares are up 1.6% year to date as of Wednesday's close. The stock's dividend yield sits at 2%. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.