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 down 48.0 points (-0.3%) at 16,864 as of Wednesday, Jul 30, 2014, 12:36 p.m. ET. During this time, 156.6 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 1,073 issues advancing vs. 1,897 declining with 171 unchanged.
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Holding back the Dow today is American Express (NYSE: AXP), which is lagging the broader Dow index with a $1.44 decline (-1.6%) bringing the stock to $90.27. This single loss is lowering the Dow Jones Industrial Average by 10.9 points or roughly accounting for 22.7% of the Dow's overall loss. Volume for American Express currently sits at 2.5 million shares traded vs. an average daily trading volume of 2.9 million shares. American Express has a market cap of $97.24 billion and is part of the financial sector and financial services industry. Shares are up 1.1% year-to-date as of Tuesday's close. The stock's dividend yield sits at 1.1%. American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S.