Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+1.71%) is in second place on Tuesday afternoon.

A look inside the DJIA shows that 3M (MMM 135.06, +8.97, +7.11%), Amazon (AMZN 173.08, +5.76, +3.44%), and Travelers (TRV 257.90, +8.31, +3.33%) are some of today's top gain getters.

Meanwhile, UnitedHealth (UNH 423.50, -1.83, -0.43%) is underperforming.

The DJIA is down about -7.57% month-to-date.

Elsewhere, recent action saw the 5-yr note and shorter tenors return to their early lows while 10s and 30s remain ahead, trading not far below their best levels of the day. Intraday action has unfolded in relatively quiet fashion while equities have rallied strongly. The underperformance in the 2-yr note continued during today's $69 bln 2-yr note sale, which met weak demand. The auction drew a high yield of 3.795%, which tailed the when-issued yield by 0.6 basis points while the bid-to-cover ratio (2.52x vs 2.65x average) and indirect takedown (56.2% vs 70.1% average) were well below average. Tomorrow, the U.S. Treasury will sell $70 bln in 5-yr notes.