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

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..

The Dow Jones Industrial Average ( ^DJI) is trading up 256 points (+1.4%) at 18,180 as of Friday, May 8, 2015, 1:36 p.m. ET. During this time, 180.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 370 million. The NYSE advances/declines ratio sits at 2,482 issues advancing vs. 575 declining with 93 unchanged.
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The Dow component leading the way higher looks to be Goldman Sachs Group (NYSE: GS), which is sporting a $3.71 gain (+1.9%) bringing the stock to $201.10. This single gain is lifting the Dow Jones Industrial Average by 28.08 points or roughly accounting for 11% of the Dow's overall gain. Volume for Goldman Sachs Group currently sits at 1.8 million shares traded vs. an average daily trading volume of 2.4 million shares.

Goldman Sachs Group has a market cap of $84.78 billion and is part of the financial sector and financial services industry. Shares are up 1.3% year-to-date as of Thursday's close. The stock's dividend yield sits at 1.3%.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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