Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.37%) is today's worst-performing major average, down now about 156 points.

A look inside the DJIA shows that Goldman Sachs (GS 559.70, -14.22, -2.48%), 3M (MMM 148.89, -3.79, -2.48%), and American Express (AXP 272.06, -3.94, -1.43%) are underperforming.

Meanwhile, Verizon (VZ 45.13, +0.95, +2.15%) is today's top gain getter.

The DJIA is up +0.75% week-to-date.

Elsewhere, U.S. Treasuries hover a bit above their opening levels with the short end hanging onto a slim gain. Overall, today's session has seen sideways action with the market showing almost no immediate reaction to the U.S. Treasury's $44 bln 7-yr note offering, which met weak demand, capping this week's underwhelming slate of note offerings. Today's sale drew a high yield of 4.233%, which tailed the when-issued yield by 0.6 basis points while the bid-to-cover ratio (2.53x vs 2.59x average) and indirect takedown (61.2% vs 71.0% average) were below average.