The Dow closed at 17,078.30 on Wednesday, which is a 0.06% move from yesterday's close. Merck & Co. Inc. led all gainers with a 1.15% jump. The Dow Jones Industrial Average is the oldest stock market index of the U.S. stock market, tracking the price performance of 30 blue chip companies. The Dow is a price-weighted index, which means it is calculated by the share price of its components.
Here are today's best and worst performers on the Dow.
Today's Best Performers:
1. Merck & Co. Inc. (MRK) was today's best performer on the Dow with shares jumping 1.15% to $60.48 per share, on volume of 9,084,877. Merck & Co. Inc. has an average daily volume of 8,668,399 shares.
Merck & Co Inc is a health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products.
Merck & Co. Inc.'s current price to earnings ratio (P/E) is 31.6. The company also pays a dividend yield of 2.94%. Over the past 52 weeks, Merck & Co. Inc. share prices have bounced 36.36% off a low of $44.62.
2. Cisco Systems Inc. (CSCO) came in second with a gain of 0.64% to $25.04. Shares of Cisco Systems Inc. traded on volume of 21,937,986, versus an average daily volume of 28,592,166 shares.
Cisco Systems Inc. has a current price to earnings ratio (P/E) of 16.7. It sports a dividend yield of 3.06%. Cisco Systems Inc. share prices have rebounded 25% off its 52-week low of $20.22.
Cisco Systems Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology (IT) industry.
3. Exxon Mobil Corp. (XOM) rounds out Wednesday top gainers after rising 0.63% to $99.11 on volume of 8,448,747. The average daily volume for Exxon Mobil Corp. is 9,153,281.
Exxon Mobil Corporation is engaged in energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products.
Over the past 52 weeks, Exxon Mobil Corp. share prices have recovered 17.86% from its low of $84.79. The company also pays a dividend yield of 2.8% to shareholders. Exxon Mobil Corp. currently has a P/E of 12.5.
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All data provided by QuoteMedia and was accurate as of 4.30PM.