Dow Today: Visa (V) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 162.0 points (-0.9%) at 16,976. During the day, 415.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.5 million. The NYSE advances/declines ratio closed at 566 issues advancing vs. 2,496 declining with 118 unchanged.
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Holding the Dow back today was Visa (NYSE: V), which lagged the broader Dow index with a $4.79 decline (-2.1%) bringing the stock to $217.88. This single loss lowered the Dow Jones Industrial Average by 36.25 points or roughly accounting for 22.4% of the Dow's overall loss. Volume for Visa ended the day at 2.4 million shares traded vs. an average daily trading volume of 2.7 million shares.

Visa has a market cap of $110.76 billion and is part of the financial sector and financial services industry. Shares are unchanged year-to-date as of Wednesday'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.

TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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