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 100.0 points (-0.7%) at 15,091 as of Wednesday, Oct 2, 2013, 11:30 a.m. ET. During this time, 127.9 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 956 issues advancing vs. 1,957 declining with 92 unchanged.
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Holding back the Dow today is McDonald's Corporation (NYSE: MCD), which is lagging the broader Dow index with a $1.32 decline (-1.4%) bringing the stock to $94.81. This single loss is lowering the Dow Jones Industrial Average by 9.99 points or roughly accounting for 10% of the Dow's overall loss. Volume for McDonald's Corporation currently sits at 3.5 million shares traded vs. an average daily trading volume of 4.6 million shares. McDonald's Corporation has a market cap of $97.75 billion and is part of the services sector and leisure industry. Shares are up 10.8% year to date as of Tuesday's close. The stock's dividend yield sits at 3.3%. McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. Its restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. TheStreet Ratings rates McDonald's Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in stock price during the past year, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.