Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+1.47%) is in second place on Thursday afternoon.

A look inside the DJIA shows that Boeing (BA 193.45, +7.89, +4.25%), Walt Disney (DIS 106.00, +3.91, +3.83%), and Amazon (AMZN 193.69, +4.98, +2.64%) hold gains atop the standings.

Meanwhile, Merck (MRK 78.41, -0.71, -0.90%) is underperforming.

The DJIA is now about +2.58% higher month-to-date.

Elsewhere, U.S. Treasuries trade on their lows after a sideways start gave way to a midday slide. The market spent the first couple hours of trade in a sideways range, retreating to fresh lows after President Trump announced a trade deal with the U.K. and said that additional deals are on the way. Treasuries reached fresh lows in recent trade with the long bond leading the way after the U.S. Treasury completed this week's note and bond auction slate with a weak $25 bln 30-yr bond sale. The sale drew a high yield of 4.819%, which tailed the when-issued yield by 0.7 basis points while the bid-to-cover ratio (2.31x vs 2.42x average) and indirect takedown (58.9% vs 66.0% average) were below average. With the post-auction selling, the 30-yr yield is on track to settle at its highest level in more than two weeks.