Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.03%) is narrowly higher now, having climbed out of the red in the last half hour.

A look inside the DJIA shows that American Express (AXP 359.96, -15.65, -4.17%), Walt Disney (DIS 113.09, -2.79, -2.41%), and JPMorgan Chase (JPM 322.34, -6.85, -2.08%) are underperforming.

Meanwhile, Walmart (WMT 118.26, +3.73, +3.26%) is atop the average.

The DJIA is now +3.03% month-to-date.

Elsewhere, recent action saw an extension of the bounce in Treasuries with the 10-yr yield now up just one basis point from last week's settlement while the 5-yr note is back on its unchanged level. Treasuries climbed steadily during the 90 minutes that followed today's 3-yr note sale, and they remain just below their highs in immediate reaction to the just completed $39 bln 10-yr note sale. The auction drew a high yield of 4.173%, which stopped through the when-issued yield by 0.7 basis points while the bid-to-cover ratio (2.55x) was just above average (2.54x). Indirect takedown (69.6%), however, was a bit on the light side of average (70.6%).