Dow Today: Verizon Communications (VZ) Leads The Day Higher, United Technologies (UTX) Lags

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) closed down 170.0 points (-1.1%) at 14,776. During the day, 534.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 547.2 million. The NYSE advances/declines ratio closed at 605 issues advancing vs. 2,458 declining with 71 unchanged.
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The Dow component that led the way higher today was Verizon Communications (NYSE: VZ), which sported a one-cent gain to $46.95. Volume for Verizon Communications ended the day at 9.6 million shares traded vs. an average daily trading volume of 11 million shares.

Verizon Communications has a market cap of $136.24 billion and is part of the technology sector and telecommunications industry. Shares are up 8.5% year to date as of Monday's close. The stock's dividend yield sits at 4.3%.

Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Holding the Dow back today was United Technologies (NYSE: UTX), which lagged the broader Dow index with a $2.36 decline (-2.3%) bringing the stock to $99.94. This single loss lowered the Dow Jones Industrial Average by 17.86 points or roughly accounting for 10.5% of the Dow's overall loss. Volume for United Technologies ended the day at 3.1 million shares traded vs. an average daily trading volume of 3.2 million shares.

United Technologies has a market cap of $94.32 billion and is part of the industrial goods sector and industrial industry. Shares are up 24.7% year to date as of Monday's close. The stock's dividend yield sits at 2.1%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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