Stock Market Update

[BRIEFING.COM] The broader market is moving slightly higher in recent trading, the Dow Jones Industrial Average (-0.05%) attempting to regain positive territory.

A look inside the DJIA shows that Amazon (AMZN 173.48, -2.02, -1.15%), Walt Disney (DIS 80.84, -0.94, -1.02%), and Salesforce (CRM 262.86, -2.42, -0.91%) are underperforming.

Meanwhile, beverage giant Coca-Cola (KO 71.39, +0.55, +0.78%) is one of today's better performers.

The DJIA is now about +0.92% higher month-to-date.

Elsewhere, recent action saw an uptick to fresh intraday highs after a slow rise off lows that were recorded during the first hour of today's session. Longer tenors underperformed in the early going, and they continue trading behind, but the entire complex has spent the past four hours in a steady rise that has lifted 3s and 2s into positive territory. The bounce has received some additional assistance from the just completed $69 bln 2-yr note sale, which met stellar demand. The auction drew a high yield of 3.874%, which stopped through the when-issued yield by 0.6 basis points while the bid-to-cover ratio (2.68x vs 2.65x average) and indirect takedown (69.0% vs 64.5% average) were above average. The U.S. Treasury will sell $70 bln in 5-yr notes tomorrow.