Dow Today: Goldman Sachs Group (GS) Leads The Day Higher, Boeing (BA) Lags
The Dow component that led the way higher today was Goldman Sachs Group (NYSE:GS), which sported a $1.44 gain (+0.8%) bringing the stock to $171.69. Holding the Dow back today was Boeing (NYSE:BA), which lagged the broader Dow index with a 45-cent decline (-0.4%) bringing the stock to $119.93.
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 up 76 points (+0.5%) at 16,569. During the day, 292.5 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 closed at 1,887 issues advancing vs. 1,175 declining with 140 unchanged.
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The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a $1.44 gain (+0.8%) bringing the stock to $171.69. This single gain is lifting the Dow Jones Industrial Average by 10.9 points or roughly accounting for 14.3% of the Dow's overall gain. Volume for Goldman Sachs Group ended the day at two million shares traded vs. an average daily trading volume of 2.5 million shares. Goldman Sachs Group has a market cap of $77.3 billion and is part of the financial sector and financial services industry. Shares are down 4% year-to-date as of Friday's close. The stock's dividend yield sits at 1.3%. The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, growth in earnings per share, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.