Dow Jones (DJIA) Today: Verizon Communications (VZ) Leads The Day Higher, 3M (MMM) Lags

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The Dow Jones Industrial Average ( ^DJI) closed down 76.0 points (-0.4%) at 17,890. During the day, 289.6 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 341.3 million. The NYSE advances/declines ratio closed at 1,106 issues advancing vs. 1,974 declining with 151 unchanged.
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The Dow component that led the way higher today was Verizon Communications (NYSE: VZ), which sported a 15-cent gain (+0.3%) bringing the stock to $47.44. Volume for Verizon Communications ended the day at 14 million shares traded vs. an average daily trading volume of 15 million shares.

Verizon Communications has a market cap of $194.83 billion and is part of the technology sector and telecommunications industry. Shares are up 2.1% year-to-date as of Wednesday's close. The stock's dividend yield sits at 4.6%.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

TheStreet Ratings rates Verizon Communications as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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