Dow Today: International Business Machines (IBM) Leads The Day Higher, AT&T (T) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 23 points (+0.2%) at 14,833. During the day, 613.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 535.7 million. The NYSE advances/declines ratio closed at 1,632 issues advancing vs. 1,368 declining with 98 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $1.69 gain (+0.9%) bringing the stock to $183.96. This single gain lifted the Dow Jones Industrial Average by 12.79 points or roughly accounting for 55.6% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.4 million shares traded vs. an average daily trading volume of 3.8 million shares.

International Business Machines has a market cap of $199.66 billion and is part of the technology sector and computer software & services industry.

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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding the Dow back today was AT&T (NYSE: T), which lagged the broader Dow index with a 51-cent decline (-1.5%) bringing the stock to $33.32. Volume for AT&T ended the day at 30.4 million shares traded vs. an average daily trading volume of 23.1 million shares.

AT&T has a market cap of $179.67 billion and is part of the technology sector and telecommunications industry.

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 revenue growth, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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