Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.04%) is bringing up the rear on Tuesday afternoon, up just shy of 16 points.

A look inside the DJIA shows that Boeing (BA 185.50, +6.60, +3.69%), Amazon (AMZN 187.49, +4.94, +2.71%), and Goldman Sachs (GS 494.96, +7.92, +1.63%) are atop the standings.

Meanwhile, Walt Disney (DIS 91.02, -3.11, -3.30%) is underperforming.

The DJIA is now -2.28% off the Thursday (7/18) all-time highs.

Elsewhere, recent action saw the 2-yr note rally to a fresh high while longer tenors are back near their best levels of the session as the market responds to a strong $69 bln 2-yr note sale. The just completed offering drew a high yield of 4.434%, which stopped through the when-issued yield by 2.3 basis points while the bid-to-cover ratio (2.81x vs 2.65x average) and indirect takedown (76.6% vs 63.6% average) were solidly above average. Today's 2-yr note sale will be followed by a $70 bln 5-yr note offering tomorrow and a $44 bln 7-yr note offering on Thursday.