Dow Today: Pfizer (PFE) Leads The Day Higher, International Business Machines (IBM) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 185.0 points (-1.2%) at 15,451. During the day, 753.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 493.6 million. The NYSE advances/declines ratio closed at 840 issues advancing vs. 2,192 declining with 87 unchanged.
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The Dow component that led the way higher today was Pfizer (NYSE: PFE), which sported a 13-cent gain (+0.5%) bringing the stock to $28.97. Volume for Pfizer ended the day at 37.7 million shares traded vs. an average daily trading volume of 37.3 million shares.

Pfizer has a market cap of $189.61 billion and is part of the health care sector and drugs industry. Shares are up 15.8% year to date as of Thursday's close. The stock's dividend yield sits at 3.4%.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a $3.37 decline (-1.7%) bringing the stock to $190.02. This single loss lowered the Dow Jones Industrial Average by 25.51 points or roughly accounting for 13.8% of the Dow's overall loss. Volume for International Business Machines ended the day at 7.8 million shares traded vs. an average daily trading volume of 3.7 million shares.

International Business Machines has a market cap of $210.5 billion and is part of the technology sector and computer software & services industry. Shares are up 1.5% year to date as of Thursday'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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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