Stock Market Update

[BRIEFING.COM] It has been a steady retreat to session lows for the S&P 500 (-0.9%), Nasdaq Composite (-1.4%), and DJIA (-0.5%) this afternoon. 

The bustle of this morning's reaction to NVIDIA's (NVDA 183.02, -3.50, -1.88%) earnings report and the subsequent downturn into negative territory has faded into an uneventful afternoon that sees the broader market mostly lower, with little sign of a turnaround. 

The CBOE Volatility Index, which was down more than 14% this morning, is now up 8.5% to 25.68.

Meanwhile, U.S. Treasuries have padded their gains alongside the reversal in stocks. The 2-year note yield is down four basis points to 3.56%, and the 10-year note yield is down three basis points to 4.10%.