Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.58%) is in last place on Wednesday afternoon, still up about 285 points.

A look inside the DJIA shows that IBM (IBM 238.33, +9.01, +3.93%), Salesforce (CRM 190.98, +5.56, +3.00%), and Microsoft (MSFT 398.62, +9.62, +2.47%) are some of today's top gain getters.

Meanwhile, Home Depot (HD 374.53, -9.95, -2.59%) is lagging.

The DJIA holds losses of about -0.34% on the week.

Elsewhere, U.S. Treasuries have inched up off their morning levels, though the 10-yr note and shorter tenors are still slightly lower for the day while the long bond has maintained its early resilience, turning positive. The 30-yr bond has outperformed from the start while shorter tenors followed its lead in recent trade. However, shorter tenors have dipped from their rebound highs in immediate reaction to today's $70 bln 5-yr note sale, which met weaker demand than yesterday's mediocre 2-yr note offering. Today's sale drew a high yield of 3.615%, which tailed the when-issued yield by 0.7 bps, while the bid-to-cover ratio (2.32x vs 2.42x average) and indirect takedown (62.5% vs 65.7% average) were below average. The U.S. Treasury will cap this week's note auction slate with a $44 bln 7-yr note offering tomorrow.