Stock Market Update

27-Jan-25 13:30 ET
Dow up 66 points with Salesforce and Apple higher; NVIDIA sinks 17%
Dow +66.03 at 44490.34, Nasdaq -706.14 at 19330.07, S&P -121.18 at 5898.12

[BRIEFING.COM] The Dow Jones Industrial Average (+0.15%) is up 66 points on Monday afternoon, the only major average in positive territory.

A look inside the DJIA shows that Salesforce (CRM 351.62, +17.74, +5.31%), Apple (AAPL 231.23, +8.45, +3.79%), and Johnson & Johnson (JNJ 151.79, +4.97, +3.39%) hold some of today's best gains.

Meanwhile, NVIDIA (NVDA 118.00, -24.62, -17.26%) is harshly lower.

The DJIA is now up +4.57% month-to-date.

Elsewhere, U.S. Treasuries have returned to their opening levels with the 5-yr note rising past its starting mark in reaction to the just-completed $70 bln 5-yr note sale, which met stronger demand than the $69 bln 2-yr note offering 90 minutes ago. The 5-yr offering drew a high yield of 4.330%, which stopped through the when-issued yield by 0.6 basis points while the bid-to-cover ratio (2.40x vs 2.38x) was a bit above average. Indirect takedown (62.8% vs 67.5%), however, was a touch light relative to the prior 12-auction average.

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