Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.21%) is near lows of the session in recent trading, down almost 95 points.

A look inside the DJIA shows that Travelers (TRV 256.23, -4.82, -1.85%), Verizon (VZ 42.30, -0.78, -1.81%), and Coca-Cola (KO 68.22, -0.95, -1.37%) are underperforming.

Meanwhile, Nike (NKE 79.23, +2.96, +3.88%) is solidly higher.

The DJIA is up about +1.62% month-to-date.

Elsewhere, U.S. Treasuries continue hovering a bit above their morning lows, staying at levels that were seen before today's pair of auctions. The just completed $70 bln 5-yr note sale looked worse than the earlier 2-yr note offering with the high yield tailing the when-issued yield by 0.8 basis points. The bid-to-cover ratio (2.31x) was below average (2.39x) while indirect takedown (58.3%) was well shy of average (69.7%). Overall, this made for a step-down from today's decent 2-yr note auction with below-average foreign interest contributing to the subpar outcome, though the market's overall reaction has been muted.