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 Link. The Dow Jones Industrial Average ( ^DJI) is trading down 66.0 points (-0.4%) at 15,432 as of Friday, Aug 9, 2013, 1:35 p.m. ET. During this time, 226 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 573 million. The NYSE advances/declines ratio sits at 1,526 issues advancing vs. 1,396 declining with 138 unchanged.
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Holding back the Dow today is McDonald's Corporation (NYSE: MCD), which is lagging the broader Dow index with a 41-cent decline (-0.4%) bringing the stock to $97.63. This single loss is lowering the Dow Jones Industrial Average by 3.1 points or roughly accounting for 4.7% of the Dow's overall loss. Volume for McDonald's Corporation currently sits at 2.7 million shares traded vs. an average daily trading volume of five million shares. McDonald's Corporation has a market cap of $98.3 billion and is part of the services sector and leisure industry. Shares are up 11.5% year to date as of Thursday's close. The stock's dividend yield sits at 3.1%. McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. Its restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. TheStreet Ratings rates McDonald's Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.