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 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.