Dow Today: JPMorgan Chase (JPM) Leads The Day Higher, Coca-Cola (KO) Lags
The Dow component leading the way higher looks to be JPMorgan Chase (NYSE:JPM), which is sporting a 55-cent gain (+0.9%) bringing the stock to $59.19. Holding back the Dow today is Coca-Cola (NYSE:KO), which is lagging the broader Dow index with a 34-cent decline (-0.9%) bringing the stock to $40.
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 28 points (+0.2%) at 16,940 as of Wednesday, Jul 30, 2014, 9:36 a.m. ET. During this time, 13.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.1 million. The NYSE advances/declines ratio sits at 1,826 issues advancing vs. 898 declining with 250 unchanged.
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The Dow component leading the way higher looks to be JPMorgan Chase (NYSE: JPM), which is sporting a 55-cent gain (+0.9%) bringing the stock to $59.19. This single gain is lifting the Dow Jones Industrial Average by 4.16 points or roughly accounting for 14.9% of the Dow's overall gain. Volume for JPMorgan Chase currently sits at 452,053 shares traded vs. an average daily trading volume of 14 million shares. JPMorgan Chase has a market cap of $224.02 billion and is part of the financial sector and banking industry. Shares are up 0.3% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.7%. JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management.