Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+1.16%) has come off HoDs, but is still in the lead on gains of more than 460 points.

A look inside the DJIA shows that IBM (IBM 195.42, +11.40, +6.19%), Salesforce (CRM 261.09, +11.31, +4.53%), and Home Depot (HD 357.76, +7.45, +2.13%) are outperforming.

Meanwhile, Honeywell (HON 204.12, -9.53, -4.46%) is decidedly lower.

Today, the DJIA flips weekly losses to gains, now up +0.07% since last Friday.

Elsewhere, longer-dated Treasuries continue holding onto the bulk of today's gains while the 2-yr note trades on its low after giving back most of its opening advance. The market has seen some volatility today, but Treasuries are doing a good job defending their gains with the latest measure of support coming from a strong finish to this week's note auction slate. The just completed $44 bln 7-yr note sale drew a high yield of 4.162%, which stopped through the when-issued yield by 0.4 basis points, while the bid-to-cover ratio (2.64x vs 2.54x average) and indirect takedown (74.4% vs 68.2% average) were well above average.