Dow Today: Visa (V) Leads The Day Higher, Microsoft (MSFT) Lags
The Dow component that led the way higher today was Visa (NYSE:V), which sported a $1.20 gain (+0.6%) bringing the stock to $216.20. Holding the Dow back today was Microsoft (Nasdaq:MSFT), which lagged the broader Dow index with a 38-cent decline (-0.8%) bringing the stock to $44.95.
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 60 points (+0.4%) at 16,979. During the day, 235.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 303.1 million. The NYSE advances/declines ratio closed at 1,544 issues advancing vs. 1,461 declining with 193 unchanged.
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The Dow component that led the way higher today was Visa (NYSE: V), which sported a $1.20 gain (+0.6%) bringing the stock to $216.20. This single gain lifted the Dow Jones Industrial Average by 9.08 points or roughly accounting for 15.1% of the Dow's overall gain. Volume for Visa ended the day at 1.8 million shares traded vs. an average daily trading volume of 2.4 million shares. Visa has a market cap of $106.04 billion and is part of the financial sector and financial services industry. Shares are down 3.5% year-to-date as of Tuesday'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.