Dow Jones (DJIA) Today: Goldman Sachs Group (GS) Leads The Day Higher, Nike (NKE) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 316.0 points (-1.8%) at 17,280. During the day, 355.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 344.8 million. The NYSE advances/declines ratio closed at 644 issues advancing vs. 2,496 declining with 94 unchanged.
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The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a $1.54 gain (+0.8%) bringing the stock to $193.54. Volume for Goldman Sachs Group ended the day at 3.2 million shares traded vs. an average daily trading volume of 2.9 million shares.

Goldman Sachs Group has a market cap of $85.75 billion and is part of the financial sector and financial services industry. Shares are up 8.3% 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, expanding profit margins, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Holding the Dow back today was Nike (NYSE: NKE), which lagged the broader Dow index with a 45-cent decline (-0.5%) bringing the stock to $96.93. This single loss lowered the Dow Jones Industrial Average by 3.41 points or roughly accounting for 1.1% of the Dow's overall loss. Volume for Nike ended the day at 4.4 million shares traded vs. an average daily trading volume of 3.8 million shares.

Nike has a market cap of $66.36 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 24.2% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.1%.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide.

TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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