Stock Market Update
10-Jun-25 13:30 ET
Dow rises as Nike, Merck, Chevron lead; Boeing lags, 3-year treasury sale draws tepid demand
Dow +106.16
at 42867.92,
Nasdaq +51.52
at 19642.73,
S&P +21.13
at 6027.01
[BRIEFING.COM] The Dow Jones Industrial Average (+0.25%) is up about 105 points this afternoon.
A look inside the DJIA shows that Nike (NKE 64.05, +2.14, +3.46%), Merck (MRK 81.76, +2.43, +3.06%), and Chevron (CVX 144.76, +4.00, +2.84%) host solid gains.
Meanwhile, Boeing (BA 215.24, -2.27, -1.04%) is underperforming.
The DJIA is now +1.55% higher off last Thursday's lows.
Elsewhere, U.S. Treasuries hover just above their lows after pulling back from their starting highs. The market is holding near lows in the wake of today's $58 bln 3-yr note sale, which met soft demand. The sale drew a high yield of 3.972%, which tailed the when-issued yield by 0.4 basis points while the bid-to-cover ratio (2.52x) was a bit below average (2.59x). Indirect takedown (66.8%), however, was above average (66.3%), reflecting solid foreign demand. Today's sale will be followed by a $39 bln 10-yr note reopening tomorrow.
