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 47 points (+0.3%) at 17,026 as of Thursday, Aug 21, 2014, 9:36 a.m. ET. During this time, 10.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 302.5 million. The NYSE advances/declines ratio sits at 1,443 issues advancing vs. 1,244 declining with 272 unchanged.
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The Dow component leading the way higher looks to be
Johnson & Johnson (NYSE:
JNJ), which is sporting a 67-cent gain (+0.7%) bringing the stock to $103.88. This single gain is lifting the Dow Jones Industrial Average by 5.07 points or roughly accounting for 10.8% of the Dow's overall gain. Volume for Johnson & Johnson currently sits at 374,841 shares traded vs. an average daily trading volume of 6.2 million shares.
Johnson & Johnson has a market cap of $290.38 billion and is part of the health care sector and drugs industry. Shares are up 12.7% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.7%.
Johnson & Johnson, together with its subsidiaries, is engaged in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics.
