Dow Today: Goldman Sachs Group (GS) Leads The Day Higher, Intel (INTC) Lags
The Dow component that led the way higher today was Goldman Sachs Group (NYSE:GS), which sported a $3.16 gain (+1.9%) bringing the stock to $172.26. Holding the Dow back today was Intel (Nasdaq:INTC), which lagged the broader Dow index with an eight-cent decline (-0.2%) bringing the stock to $32.60.
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 185 points (+1.1%) at 16,553. During the day, 295.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 306.5 million. The NYSE advances/declines ratio closed at 2,337 issues advancing vs. 748 declining with 111 unchanged.
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The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a $3.16 gain (+1.9%) bringing the stock to $172.26. This single gain lifted the Dow Jones Industrial Average by 23.92 points or roughly accounting for 12.9% of the Dow's overall gain. Volume for Goldman Sachs Group ended the day at 2.2 million shares traded vs. an average daily trading volume of 2.5 million shares. Goldman Sachs Group has a market cap of $75.9 billion and is part of the financial sector and financial services industry. Shares are down 4.6% year-to-date as of Thursday'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.