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 137.0 points (-0.9%) at 14,996. During the day, 358.4 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 642 issues advancing vs. 2,370 declining with 84 unchanged.
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Holding the Dow back today was Visa (NYSE: V), which lagged the broader Dow index with a $3.17 decline (-1.6%) bringing the stock to $188.65. This single loss is lowering the Dow Jones Industrial Average by 23.99 points or roughly accounting for 17.5% of the Dow's overall loss. Volume for Visa ended the day at 4.9 million shares traded vs. an average daily trading volume of four million shares.
Visa has a market cap of $99.49 billion and is part of the financial sector and financial services industry. Shares are up 27.5% year to date as of Wednesday's close. The stock's dividend yield sits at 0.7%. Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.