Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.55%) is firmly in the lead on Wednesday afternoon, up more than 235 points.

A look inside the DJIA shows that Goldman Sachs (GS 628.58, +13.71, +2.23%), 3M (MMM 147.95, +2.89, +1.99%), and Visa (V 375.33, +4.63, +1.25%) are some of today's top gain getters.

Meanwhile, Cisco (CSCO 64.35, -0.80, -1.23%) is underperforming.

The DJIA is now +0.80% higher week-to-date.

Elsewhere, recent action saw the 10-yr note inch above its post-CPI high while other tenors are on the verge of doing the same. The thrust that lifted the 10-yr note to a fresh high for the day followed the completion of today's $39 bln 10-yr note reopening, which met solid demand, making for an improvement from yesterday's 3-yr note sale. Today's auction drew a high yield of 4.421%, which stopped through the when-issued yield by 0.7 basis points. The bid-to-cover ratio (2.52x) was a bit shy of the prior 12-auction average (2.57x) but indirect takedown (70.6%) was above average (70.1%). The U.S. Treasury will complete this week's note and bond auction slate with a $22 bln 30-yr bond reopening tomorrow.