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 up 227 points (+1.4%) at 16,395. During the day, 383.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 402.3 million. The NYSE advances/declines ratio closed at 2,564 issues advancing vs. 495 declining with 114 unchanged.
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The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a $3.99 gain (+2.4%) bringing the stock to $168.73. This single gain lifted the Dow Jones Industrial Average by 30.2 points or roughly accounting for 13.3% of the Dow's overall gain. Volume for Goldman Sachs Group ended the day at 3.4 million shares traded vs. an average daily trading volume of 3.2 million shares. Goldman Sachs Group has a market cap of $75.44 billion and is part of the financial sector and financial services industry. Shares are down 7.1% year to date as of Monday's close. The stock's dividend yield sits at 1.3%. 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.