Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.50%) is down about 210 points this afternoon, having moved sideways over the prior half hour.

A look inside the DJIA shows that Intel (INTC 22.50, -0.70, -3.02%), Dow (DOW 47.79, -1.18, -2.41%), and Goldman Sachs (GS 511.40, -7.95, -1.53%) are underperforming.

Meanwhile, Salesforce (CRM 298.65, +3.93, +1.33%) is atop the standings.

The DJIA is now down about -3.42% off the late-October highs.

Elsewhere, U.S. Treasuries have backpedaled from their morning highs, dipping back below their starting levels, though the entire complex remains firmly in the green at this time. That could change as the day goes on since the advance just received a headwind from a mediocre $58 bln 3-yr note auction that will be followed by a $42 bln 10-yr note sale tomorrow and a $25 bln 30-yr bond offering on Wednesday. The just completed 3-yr auction drew a high yield of 4.152%, which tailed the when-issued yield by nearly a basis point. However, the bid-to-cover ratio (2.60x vs 2.57x average) and indirect takedown (70.6% vs 64.3% average) were above average.