Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.79%) is in "first" place on Wednesday afternoon, down only 368 points, with more aggressive losses elsewhere.

A look inside the DJIA shows that Caterpillar (CAT 511.86, -12.79, -2.44%), Apple (AAPL 256.55, -6.22, -2.37%), and Amazon (AMZN 217.62, -4.41, -1.99%) are underperforming.

Meanwhile, McDonald's (MCD 311.57, +4.09, +1.33%) is one of today's better performers.

The DJIA is now up +0.79% week-to-date.

Elsewhere, U.S. Treasuries are approaching their opening levels, having seen an acceleration of their bounce off morning lows after today's strong $13 bln 20-yr bond reopening. The just completed sale drew a high yield of 4.506%, which stopped through the when-issued yield by 1.2 basis points while the bid-to-cover ratio (2.73x) was comfortably above average (2.60x). Indirect takedown (63.6%) was a bit below average (66.6%) bit direct bidders picked up the slack. With the post-auction bid, Treasuries are now threatening their opening highs.