Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.04%) is narrowly higher, peeking its head above flat lines for the first time this afternoon.

A look inside the DJIA shows that Boeing (BA 184.77, -74.86, -2.56%), Salesforce (CRM 227.91, -5.59, -2.39%), and Microsoft (MSFT 486.68, -7.11, -1.44%) are among today's top laggards.

Meanwhile, NVIDIA (NVDA 184.82, +3.46, +1.91%) holds a modest lead atop the standings.

The DJIA is now down -2.20% week-to-date.

Elsewhere, U.S. Treasuries of most tenors are back near their opening levels after a bounce off lows that were reached about an hour after the market tagged morning highs. The 2-yr note underperforms, remaining near its low amid falling December rate cut odds, while longer tenors are much closer to their highs, having shown a muted reaction to today's soft $16 bln 20-yr bond sale. The offering drew a high yield of 4.706%, which tailed the when-issued yield by 0.2 basis points. The bid-to-cover ratio (2.41x) was a bit below average (2.61x) and so was indirect takedown (59.5% vs 66.3% average). While there has been some volatility today, it has taken place inside a narrow range, keeping the 10-yr yield between 4.10% and 4.13%.