Dow Today: Visa (V) Leads The Day Higher, International Business Machines (IBM) Lags
The Dow component that led the way higher today was Visa (NYSE:V), which sported a 75-cent gain (+0.3%) bringing the stock to $221.78. Holding the Dow back today was International Business Machines (NYSE:IBM), which lagged the broader Dow index with a $1.37 decline (-0.7%) bringing the stock to $188.49.
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 five points at 17,060. During the day, 384.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 307.3 million. The NYSE advances/declines ratio closed at 1,050 issues advancing vs. 1,999 declining with 150 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a 75-cent gain (+0.3%) bringing the stock to $221.78. This single gain lifted the Dow Jones Industrial Average by 5.68 points or roughly accounting for 113.6% of the Dow's overall gain. Volume for Visa ended the day at 2.7 million shares traded vs. an average daily trading volume of 2.7 million shares. Visa has a market cap of $108.37 billion and is part of the financial sector and financial services industry. Shares are down 0.7% year-to-date as of Monday's close. The stock's dividend yield sits at 0.7%. Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.