Dow Jones (DJIA) Today: Goldman Sachs Group (GS) Leads The Day Higher

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The Dow Jones Industrial Average ( ^DJI) closed up 26 points (+0.1%) at 17,804. During the day, 457.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 348.5 million. The NYSE advances/declines ratio closed at 2,007 issues advancing vs. 1,120 declining with 115 unchanged.
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The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS), which sported a $6.58 gain (+3.6%) bringing the stock to $191.61. This single gain lifted the Dow Jones Industrial Average by 49.8 points or roughly accounting for 191.5% of the Dow's overall gain. Volume for Goldman Sachs Group ended the day at 4.1 million shares traded vs. an average daily trading volume of three million shares.

Goldman Sachs Group has a market cap of $79.84 billion and is part of the financial sector and financial services industry. Shares are up 4.4% year-to-date as of Wednesday's close. The stock's dividend yield sits at 1.3%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 24.8.

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, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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