Dow Today: Goldman Sachs Group (GS) Leads The Day Higher, Chevron (CVX) Lags

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The Dow Jones Industrial Average ( ^DJI) closed up 45 points (+0.3%) at 16,580. During the day, 326.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 411.9 million. The NYSE advances/declines ratio closed at 2,042 issues advancing vs. 1,015 declining with 123 unchanged.
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The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a $1.58 gain (+1%) bringing the stock to $159.82. This single gain lifted the Dow Jones Industrial Average by 11.96 points or roughly accounting for 26.6% of the Dow's overall gain. Volume for Goldman Sachs Group ended the day at 2.7 million shares traded vs. an average daily trading volume of 3.6 million shares.

Goldman Sachs Group has a market cap of $70.36 billion and is part of the financial sector and financial services industry. Shares are down 11.7% year-to-date as of Tuesday'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. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7.

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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Holding the Dow back today was Chevron (NYSE: CVX), which lagged the broader Dow index with a 45-cent decline (-0.4%) bringing the stock to $125.52. Volume for Chevron ended the day at six million shares traded vs. an average daily trading volume of 6.7 million shares.

Chevron has a market cap of $239.35 billion and is part of the basic materials sector and energy industry. Shares are up 0.7% year-to-date as of Tuesday's close. The stock's dividend yield sits at 3.4%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

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