Stock Market Update

27-Jun-24 13:30 ET
Salesforce, Amazon outperforming in DJIA on Thursday
Dow +112.81 at 39240.61, Nasdaq +48.30 at 17853.46, S&P +4.48 at 5482.38

[BRIEFING.COM] The Dow Jones Industrial Average (+0.29%) is atop the standings, popping back to HoDs in recent trading.

A look inside the DJIA shows that Salesforce (CRM 257.83, +14.68, +6.04%), Amazon (AMZN 198.52, +4.91, +2.54%), and 3M (MMM 103.78, +2.33, +2.30%) are some of today's top gain getters.

Meanwhile, Merck (MRK 128.76, -2.74, -2.08%) is underperforming.

The DJIA is now up about +1.43% month-to-date.

Elsewhere, U.S. Treasuries continue trading near their best levels of the session after a swift recovery off their opening lows. The market has spent the past three hours in a sideways range with some underperformance in the belly while recent trade has seen a push to fresh highs in the long bond after the U.S. Treasury completed this week's trifecta of solid note auctions with a $44 bln 7-yr note sale. The offering drew a high yield of 4.276%, which stopped through the when-issued yield by 0.3 bps while the bid-to-cover ratio (2.58x vs 2.55x average) and indirect takedown (69.7% vs 68.7%) were just above average.

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