Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.52%) is down about 214 points, having moved narrowly higher over the last half hour.

A look inside the DJIA shows that JPMorgan Chase (JPM 203.40, -13.41, -6.19%), Goldman Sachs (GS 465.50, -23.07, -4.72%), and Boeing (BA 158.24, -4.67, -2.87%) are underperforming.

Meanwhile, Amazon (AMZN 179.68, +4.28, +2.44%) is today's best gain getter.

The DJIA is now down about -2.28% month-to-date.

Elsewhere, U.S. Treasuries trade just below their mid-morning highs after a steady recovery from their modestly lower start. The market has displayed resilience for the second day in a row with yields reaching fresh lows for the year as concerns about growth send crude oil toward its 2023 low (63.64). Treasuries are staying near their best levels of the day after the just completed $58 bln 3-yr note sale met strong demand. The auction drew a high yield of 3.440%, which stopped through the when-issued yield by nearly two basis points while the bid-to-cover ratio (2.66x vs 2.59x average) and indirect takedown (78.2% vs 62.5% average) were above average. The sale will be followed by a $39 bln 10-yr note auction tomorrow.