Dow Today: Goldman Sachs Group (GS) Lower

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 139.0 points (-0.8%) at 16,298 as of Thursday, Apr 10, 2014, 12:35 p.m. ET. During this time, 189.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 425.1 million. The NYSE advances/declines ratio sits at 919 issues advancing vs. 2,061 declining with 139 unchanged.
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Holding back the Dow today is Goldman Sachs Group (NYSE: GS), which is lagging the broader Dow index with a $1.15 decline (-0.7%) bringing the stock to $157.01. This single loss is lowering the Dow Jones Industrial Average by 8.7 points or roughly accounting for 6.3% of the Dow's overall loss. Volume for Goldman Sachs Group currently sits at 2.2 million shares traded vs. an average daily trading volume of 3.6 million shares.

Goldman Sachs Group has a market cap of $70.37 billion and is part of the financial sector and financial services industry. Shares are down 10.8% year-to-date as of Wednesday'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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