Dow Today: Visa (V) Leads The Day Higher, Merck (MRK) Lags
The Dow component that led the way higher today was Visa (NYSE:V), which sported a $4.13 gain (+2%) bringing the stock to $214.32. Holding the Dow back today was Merck (NYSE:MRK), which lagged the broader Dow index with a 19-cent decline (-0.3%) bringing the stock to $58.42.
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 176 points (+1.1%) at 16,838. During the day, 272.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301.3 million. The NYSE advances/declines ratio closed at 2,433 issues advancing vs. 648 declining with 117 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a $4.13 gain (+2%) bringing the stock to $214.32. This single gain is lifting the Dow Jones Industrial Average by 31.26 points or roughly accounting for 17.8% of the Dow's overall gain. Volume for Visa ended the day at 2.1 million shares traded vs. an average daily trading volume of 2.4 million shares. Visa has a market cap of $105.15 billion and is part of the financial sector and financial services industry. Shares are down 5.6% year-to-date as of Friday's close. The stock's dividend yield sits at 0.8%. Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.