Dow Today: International Business Machines (IBM) Leads The Day Higher, Goldman Sachs Group (GS) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 167.0 points (-1%) at 16,245. During the day, 457.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 417.9 million. The NYSE advances/declines ratio closed at 830 issues advancing vs. 2,234 declining with 118 unchanged.
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The Dow component that led the way higher today was International Business Machines (NYSE: IBM), which sported a $2.75 gain (+1.4%) bringing the stock to $194.52. Volume for International Business Machines ended the day at 6.7 million shares traded vs. an average daily trading volume of 5.4 million shares.

International Business Machines has a market cap of $200.66 billion and is part of the technology sector and computer software & services industry. Shares are up 2.2% year to date as of Friday's close. The stock's dividend yield sits at 2%.

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, expanding profit margins, good cash flow from operations, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Holding the Dow back today was Goldman Sachs Group (NYSE: GS), which lagged the broader Dow index with a $4.68 decline (-2.9%) bringing the stock to $158.56. This single loss lowered the Dow Jones Industrial Average by 35.42 points or roughly accounting for 21.2% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at 4.6 million shares traded vs. an average daily trading volume of 3.4 million shares.

Goldman Sachs Group has a market cap of $75.2 billion and is part of the financial sector and financial services industry. Shares are down 7.9% year to date as of Friday's close. The stock's dividend yield sits at 1.3%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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