Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.35%) is the shallowest declining major average on Wednesday afternoon, though trading now sits at session lows.

A look inside the DJIA shows that NVIDIA (NVDA 113.56, -7.13, -5.91%), Salesforce (CRM 280.81, -7.80, -2.70%), and Boeing (BA 178.74, -3.85, -2.11%) are underperforming.

Meanwhile, Procter & Gamble (PG 166.27, +3.42, +2.10%) is today's top gain getter.

The DJIA is now -0.90% off this morning's highs.

Elsewhere, U.S. Treasuries continue hovering near their starting levels, having spent today's session in a sideways range. The market established fresh intraday highs and lows during the past two hours, but it is now back at levels seen at the open. There has been no meaningful reaction to the just-completed $70 bln 5-yr note offering, which met somewhat soft demand. The sale drew a high yield of 4.100%, which tailed the when-issued yield by 0.5 basis points, while the bid-to-cover ratio (2.33x) was a bit below average (2.39x). Indirect takedown (75.8%), however, was above the average (68.6%), seen at the last 12 auctions.