Dow Today: International Business Machines (IBM) Leads The Day Higher, JPMorgan Chase (JPM) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 122 points (+0.7%) at 16,479. During the day, 185.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 373.3 million. The NYSE advances/declines ratio closed at 1,628 issues advancing vs. 1,399 declining with 148 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $2.13 gain (+1.2%) bringing the stock to $185.35. This single gain is lifting the Dow Jones Industrial Average by 16.12 points or roughly accounting for 13.2% of the Dow's overall gain. Volume for International Business Machines ended the day at 3.3 million shares traded vs. an average daily trading volume of 5.3 million shares.

International Business Machines has a market cap of $198.95 billion and is part of the technology sector and computer software & services industry. Shares are down 4.3% year to date as of Tuesday's close. The stock's dividend yield sits at 2.1%.

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 growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Holding the Dow back today was JPMorgan Chase (NYSE: JPM), which lagged the broader Dow index with a five-cent decline to $58.20. Volume for JPMorgan Chase ended the day at 6.6 million shares traded vs. an average daily trading volume of 19.1 million shares.

JPMorgan Chase has a market cap of $218.97 billion and is part of the financial sector and banking industry. Shares are up 32.5% year to date as of Tuesday's close. The stock's dividend yield sits at 2.6%.

JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide.

TheStreet Ratings rates JPMorgan Chase as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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