Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.81%) is atop the major averages on Monday afternoon.

A look inside the DJIA shows that Sherwin-Williams (SHW 398.55, +10.25, +2.64%), Nike (NKE 79.42, +2.02, +2.61%), and Caterpillar (CAT 405.85, +8.36, +2.10%) hold solid gains.

Meanwhile, NVIDIA (NVDA 137.39, -4.56, -3.21%) is today's top laggard.

The DJIA now holds gains of +6.93% on the month.

Elsewhere, U.S. Treasuries are making a renewed push toward their session highs from morning trade. The market spent the past couple hours in a sideways range just below highs, followed by a wave of buying in the wake of today's $69 bln 2-yr note auction, which met excellent demand. The sale drew a high yield of 4.274%, which stopped through the when-issued yield by nearly two basis points, while the bid-to-cover ratio (2.77x vs 2.61x average) and indirect takedown (71.6% vs 64.7% average) were well above average. Today's auction will be followed by a $70 bln 5-yr note offering tomorrow and a $44 bln 7-yr note sale on Wednesday.