Dow Today: Visa (V) Leads The Day Higher, Travelers Companies (TRV) Lags
The Dow component leading the way higher looks to be Visa (NYSE:V), which is sporting a $2.52 gain (+1.1%) bringing the stock to $221.74. Holding back the Dow today is Travelers Companies (NYSE:TRV), which is lagging the broader Dow index with a $4.02 decline (-4.2%) bringing the stock to $91.24.
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) is trading up 58 points (+0.3%) at 17,109 as of Tuesday, Jul 22, 2014, 9:36 a.m. ET. During this time, 19.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 304.8 million. The NYSE advances/declines ratio sits at 2,170 issues advancing vs. 554 declining with 207 unchanged.
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The Dow component leading the way higher looks to be Visa (NYSE: V), which is sporting a $2.52 gain (+1.1%) bringing the stock to $221.74. This single gain is lifting the Dow Jones Industrial Average by 19.07 points or roughly accounting for 32.9% of the Dow's overall gain. Volume for Visa currently sits at 88,913 shares traded vs. an average daily trading volume of 2.6 million shares. Visa has a market cap of $111.2 billion and is part of the financial sector and financial services industry. Shares are down 1.6% 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.