Dow Today: Goldman Sachs Group (GS) Leads The Day Higher, Wal-Mart Stores (WMT) Lags
The Dow component that led the way higher today was Goldman Sachs Group (NYSE:GS), which sported a $2.20 gain (+1.3%) bringing the stock to $167. Holding the Dow back today was Wal-Mart Stores (NYSE:WMT), which lagged the broader Dow index with a 27-cent decline (-0.3%) bringing the stock to $76.55.
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 112 points (+0.7%) at 17,055. During the day, 252.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 308.3 million. The NYSE advances/declines ratio closed at 1,976 issues advancing vs. 1,100 declining with 121 unchanged.
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The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a $2.20 gain (+1.3%) bringing the stock to $167. This single gain lifted the Dow Jones Industrial Average by 16.65 points or roughly accounting for 14.9% of the Dow's overall gain. Volume for Goldman Sachs Group ended the day at three million shares traded vs. an average daily trading volume of 2.5 million shares. Goldman Sachs Group has a market cap of $73.08 billion and is part of the financial sector and financial services industry. Shares are down 7% year-to-date as of Friday's close. The stock's dividend yield sits at 1.4%. 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, expanding profit margins, good cash flow from operations 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.