Dow Jones (DJIA) Today: Goldman Sachs Group (GS) Lags

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 down 265.0 points (-1.5%) at 16,945. During the day, 314.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 298.3 million. The NYSE advances/declines ratio closed at 529 issues advancing vs. 2,563 declining with 118 unchanged.
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Holding the Dow back today was Goldman Sachs Group (NYSE: GS), which lagged the broader Dow index with a $3.72 decline (-2%) bringing the stock to $184.09. This single loss lowered the Dow Jones Industrial Average by 28.15 points or roughly accounting for 10.6% of the Dow's overall loss. Volume for Goldman Sachs Group ended the day at three million shares traded vs. an average daily trading volume of 2.5 million shares.

Goldman Sachs Group has a market cap of $81.55 billion and is part of the financial sector and financial services industry. Shares are up 6% 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, increase in stock price during the past year, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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