Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.82%) is in first place on Wednesday afternoon, up more than 390 points.

A look inside the DJIA shows that UnitedHealth (UNH 340.11, +12.66, +3.87%), Goldman Sachs (GS 831.97, +21.66, +2.67%), and 3M (MMM 171.27, +2.60, +1.54%) show solid gains.

Meanwhile, Chevron (CVX 153.29, -2.95, -1.89%) is underperforming.

The DJIA stands +2.84% higher week-to-date.

Elsewhere, U.S. Treasuries trade just below their best levels of the day, having seen some light recent pressure after the U.S. Treasury followed Monday's solid 3-yr note offering with a weak sale of $42 bln in 10-yr notes. The 10-yr note auction drew a high yield of 4.074%, which tailed the when-issued yield by 0.6 basis points while the bid-to-cover ratio (2.43x vs 2.56x average) and indirect takedown (67.0% vs 70.1% average) were below average.