Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.23%) is down about 114 points.

A look inside the DJIA shows that Microsoft (MSFT 424.51, -57.12, -11.86%), Salesforce (CRM 211.84, -16.12, -7.07%), and Boeing (BA 236.39, -5.20, -2.15%) slide to the bottom of the average.

Meanwhile, IBM (IBM 307.92, +13.76, +4.68%) is outperforming.

The DJIA is now -0.4% lower week-to-date.

Elsewhere, U.S. Treasuries trade just below their best levels of the session with the 10-yr note and shorter tenors holding solid gains while the long bond is back on its flat line after reclaiming its starting loss. The past couple minutes have seen a slight dip after the U.S. Treasury completed this week's note auction slate with an underwhelming sale of $44 bln in 7-yr notes. The offering drew a high yield of 4.018%, which tailed the when-issued yield by 0.4 bps while the bid-to-cover ratio (2.45x) was below average (2.56x). Indirect takedown (66.9%), however, exceeded the prior 12-auction average (64.4%), making for some silver lining.