Dow Today: Travelers Companies (TRV) Leads The Day Higher, International Business Machines (IBM) Lags
The Dow component that led the way higher today was Travelers Companies (NYSE:TRV), which sported a 56-cent gain (+0.6%) bringing the stock to $94.76. Holding the Dow back today was International Business Machines (NYSE:IBM), which lagged the broader Dow index with a 74-cent decline (-0.4%) bringing the stock to $192.25.
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 16 points at 17,122. During the day, 207.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 301 million. The NYSE advances/declines ratio closed at 1,719 issues advancing vs. 1,312 declining with 167 unchanged.
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The Dow component that led the way higher today was Travelers Companies (NYSE: TRV), which sported a 56-cent gain (+0.6%) bringing the stock to $94.76. This single gain is lifting the Dow Jones Industrial Average by 4.24 points or roughly accounting for 26.5% of the Dow's overall gain. Volume for Travelers Companies ended the day at 1.2 million shares traded vs. an average daily trading volume of 1.9 million shares. Travelers Companies has a market cap of $31.97 billion and is part of the financial sector and insurance industry. Shares are up 4% year-to-date as of Tuesday's close. The stock's dividend yield sits at 2.3%. The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States.