Dow Today: Goldman Sachs Group (GS) Lower

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 down 51.0 points (-0.3%) at 17,071 as of Thursday, Aug 28, 2014, 11:36 a.m. ET. During this time, 67.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.9 million. The NYSE advances/declines ratio sits at 1,053 issues advancing vs. 1,846 declining with 222 unchanged.
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Holding back the Dow today is Goldman Sachs Group (NYSE: GS), which is lagging the broader Dow index with a $1 decline (-0.6%) bringing the stock to $176.81. This single loss is lowering the Dow Jones Industrial Average by 7.57 points or roughly accounting for 14.8% of the Dow's overall loss. Volume for Goldman Sachs Group currently sits at 819,508 shares traded vs. an average daily trading volume of 2.4 million shares.

Goldman Sachs Group has a market cap of $78.38 billion and is part of the financial sector and financial services industry. Shares are up 0.3% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.2%.

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.

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