Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.09%) is hovering just below flat lines, probing HoDs albeit in a losing effort.

A look inside the DJIA shows that Walmart (WMT 90.24, -2.00, -2.17%), Coca-Cola (KO 61.82, -0.73, -1.17%), and Nike (NKE 76.23, -0.71, -0.92%) are underperforming.

Meanwhile, NVIDIA (NVDA 138.80, +4.10, +3.04%) is atop the standings.

The DJIA is now down about -4.69% month-to-date.

Elsewhere, longer-dated Treasuries hover just above their lows that were notched in recent action while shorter tenors trade a bit above lows that were set about two hours ago. The market has shown a limited immediate reaction to today's $69 bln 2-yr note sale, which met stellar demand. The sale drew a high yield of 4.335%, which stopped through the when-issued yield by a tenth of a basis point while the bid-to-cover ratio (2.73x vs 2.63x average) and indirect takedown (82.1% vs 65.9% average) were comfortably above average. The U.S. Treasury will follow this sale with a $70 bln 5-yr note offering tomorrow at 11:30 ET.