Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links. The Dow Jones Industrial Average ( ^DJI) is trading down 10.0 points at 15,557 as of Wednesday, Jul 24, 2013, 11:35 a.m. ET. During this time, 209.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 591.6 million. The NYSE advances/declines ratio sits at 895 issues advancing vs. 1,995 declining with 118 unchanged.
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Holding back the Dow today is AT&T (NYSE: T), which is lagging the broader Dow index with a 56-cent decline (-1.6%) bringing the stock to $35.25. This single loss is lowering the Dow Jones Industrial Average by 4.24 points or roughly accounting for 42.4% of the Dow's overall loss. Volume for AT&T currently sits at 16.2 million shares traded vs. an average daily trading volume of 23.9 million shares. AT&T has a market cap of $191.42 billion and is part of the technology sector and telecommunications industry. Shares are up 6.2% year to date as of Tuesday's close. The stock's dividend yield sits at 5.1%. AT&T Inc. provides telecommunications services to consumers, businesses, and other providers in the United States and internationally. The company operates in three segments: Wireless, Wireline, and Other. TheStreet Ratings rates AT&T as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.