Dow Today: Caterpillar (CAT) Leads The Day Higher, UnitedHealth Group (UNH) Lags
The Dow component leading the way higher looks to be Caterpillar (NYSE:CAT), which is sporting a $1.88 gain (+1.9%) bringing the stock to $103.37. Holding back the Dow today is UnitedHealth Group (NYSE:UNH), which is lagging the broader Dow index with a 62-cent decline (-0.8%) bringing the stock to $80.88.
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 49 points (+0.3%) at 16,492 as of Thursday, Aug 7, 2014, 9:36 a.m. ET. During this time, 11.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 305.8 million. The NYSE advances/declines ratio sits at 1,865 issues advancing vs. 831 declining with 247 unchanged.
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The Dow component leading the way higher looks to be Caterpillar (NYSE: CAT), which is sporting a $1.88 gain (+1.9%) bringing the stock to $103.37. This single gain is lifting the Dow Jones Industrial Average by 14.23 points or roughly accounting for 29% of the Dow's overall gain. Volume for Caterpillar currently sits at 210,527 shares traded vs. an average daily trading volume of 3.8 million shares. Caterpillar has a market cap of $63.73 billion and is part of the industrial goods sector and industrial industry. Shares are up 11.8% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.8%. Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.