Dow Jones (DJIA) Today: Boeing (BA) 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..

The Dow Jones Industrial Average ( ^DJI) closed down 171.0 points (-0.9%) at 17,905. During the day, 367.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 360.7 million. The NYSE advances/declines ratio closed at 679 issues advancing vs. 2,387 declining with 132 unchanged.
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Holding the Dow back today was Boeing (NYSE: BA), which lagged the broader Dow index with a $2.62 decline (-1.8%) bringing the stock to $141.19. This single loss lowered the Dow Jones Industrial Average by 19.83 points or roughly accounting for 11.6% of the Dow's overall loss. Volume for Boeing ended the day at 3.2 million shares traded vs. an average daily trading volume of 3.8 million shares.

Boeing has a market cap of $99.06 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 10.6% year-to-date as of Wednesday's close. The stock's dividend yield sits at 2.5%.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. We feel its strengths outweigh the fact that the company shows low profit margins.

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