Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.04%) holds onto modest gains in the afternoon, good enough for second place among the major averages.

A look inside the DJIA shows that Amazon (AMZN 193.34, +7.00, +3.76%), Apple (AAPL 213.36, +4.29, +2.05%), and Boeing (BA 178.09, +2.99, +1.71%) hold decent gains.

Meanwhile, Amgen (AMGN 312.81, -6.50, -2.04%) is underperforming.

The DJIA holds losses of about -0.06% week-to-date.

Elsewhere, U.S. Treasuries have spent the better part of the past three hours in a sideways range just above lows, but recent trade has seen some impulse buying in reaction to the just-completed $70 bln 5-yr note offering, which met solid demand after yesterday's strong 2-yr note sale. Today's auction drew a high yield of 4.331%, which stopped through the when-issued yield by 0.4 bps, while the bid-to-cover ratio (2.35x vs 2.44x average) was a touch below average and indirect takedown (68.9% vs 66.2% average) exceeded the prior 12-auction average. Even with the post-auction buying the 10-yr yield remains about a basis point above its opening mark.