Dow Today: Goldman Sachs Group (GS) 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) is trading down 137.0 points (-0.9%) at 15,121 as of Monday, Sep 30, 2013, 9:30 a.m. ET. During this time, 8.3 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 sits at 345 issues advancing vs. 2,429 declining with 102 unchanged.
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Holding back the Dow today is Goldman Sachs Group (NYSE: GS), which is lagging the broader Dow index with a $2.81 decline (-1.8%) bringing the stock to $157.04. This single loss is lowering the Dow Jones Industrial Average by 21.27 points or roughly accounting for 15.5% of the Dow's overall loss. Volume for Goldman Sachs Group currently sits at 97,405 shares traded vs. an average daily trading volume of 3.1 million shares.

Goldman Sachs Group has a market cap of $73.19 billion and is part of the financial sector and financial services industry. Shares are up 27.8% year to date as of Friday's close. The stock's dividend yield sits at 1.2%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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