Dow Today: Pfizer (PFE) Leads The Day Higher, International Business Machines (IBM) 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 70.0 points (-0.5%) at 15,258. During the day, 370.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 364.4 million. The NYSE advances/declines ratio closed at 970 issues advancing vs. 1,994 declining with 135 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component that led the way higher today was Pfizer (NYSE: PFE), which sported a 36-cent gain (+1.3%) bringing the stock to $28.88. Volume for Pfizer ended the day at 28 million shares traded vs. an average daily trading volume of 28 million shares.

Pfizer has a market cap of $190.07 billion and is part of the health care sector and drugs industry. Shares are up 14.5% year to date as of Thursday's close. The stock's dividend yield sits at 3.3%.

Holding the Dow back today was International Business Machines (NYSE: IBM), which lagged the broader Dow index with a $3.30 decline (-1.7%) bringing the stock to $186.92. This single loss lowered the Dow Jones Industrial Average by 24.98 points or roughly accounting for 35.7% of the Dow's overall loss. Volume for International Business Machines ended the day at 3.9 million shares traded vs. an average daily trading volume of 3.7 million shares.

International Business Machines has a market cap of $208.1 billion and is part of the technology sector and computer software & services industry. Shares are down 0.8% 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.

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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Apple Pulls Nasdaq Lower but Dow and S&P 500 Remain Higher Ahead of Fed

The Wait for 'Milestone' Fed Meeting Keeps Stocks in Flux

The 6 Medications Being Used to Tackle the Opioid Epidemic

Allergan's Restasis Patent Transfer to Face Precedent-Setting Legal Battle