Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+1.55%) is in last place among the major averages, yet stands 608 points higher today.

A look inside the DJIA shows that Boeing (BA 172.82, +10.30, +6.34%), NVIDIA (NVDA 104.21, +5.32, +5.38%), and Amazon (AMZN 182.36, +9.18, +5.30%) hold solid gains.

Meanwhile, Procter & Gamble (PG 163.98, -3.90, -2.32%) is at the bottom of the standings.

The DJIA is now +1.66% higher week-to-date.

Elsewhere, U.S. Treasuries trade on their lows after a steady retreat from their morning highs. The 10-yr note and the long bond remain in positive territory because they opened with big gains, but those gains have been trimmed considerably with the 10-yr yield up ten basis points off this morning's low. The market saw some impulse buying off lows across the complex after the U.S. Treasury followed yesterday's weak 2-yr note sale with a much better 5-yr note offering. Today's $70 bln sale stopped through by a basis point and the bid-to-cover ratio (2.41x) was above the prior 12-auction average (2.38x). Indirect takedown (64.0%) was a bit below average (69.1%) but much better than yesterday.