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 99.0 points (-0.7%) at 15,092 as of Wednesday, Oct 2, 2013, 9:30 a.m. ET. During this time, 6.2 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 510 issues advancing vs. 2,172 declining with 107 unchanged.
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Holding back the Dow today is American Express (NYSE: AXP), which is lagging the broader Dow index with a 64-cent decline (-0.8%) bringing the stock to $75.06. This single loss is lowering the Dow Jones Industrial Average by 4.84 points or roughly accounting for 4.9% of the Dow's overall loss. Volume for American Express currently sits at 7,566 shares traded vs. an average daily trading volume of 4.3 million shares.
American Express has a market cap of $82.07 billion and is part of the financial sector and financial services industry. Shares are up 32.3% year to date as of Tuesday's close. The stock's dividend yield sits at 1.2%. American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.