Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.99%) is in first place among the major averages on Tuesday afternoon, up more than 473 points.

A look inside the DJIA shows that Caterpillar (CAT 728.83, +24.01, +3.41%), Honeywell (HON 245.13, +7.54, +3.17%), and Cisco (CSCO 78.59, +2.38, +3.13%) are holding decent gains.

Meanwhile, Chevron (CVX 186.52, -2.92, -1.54%) is today's top laggard.

The DJIA is now more than 1500 points higher (+3.42%) off yesterday's lows.

Elsewhere, U.S. Treasuries hover just below highs that were reached in mid-morning trade with shorter tenors maintaining their lead while the long bond lags, holding a slim loss. That said, the front end has faced some recent pressure after the U.S. Treasury kicked off this week's note and bond auction slate with a weak $58 bln 3-yr note sale. The auction drew a high yield of 3.579%, which tailed the when-issued yield by 1.1 bps while the bid-to-cover ratio (2.55x vs 2.62x average) and indirect takedown (59.8% vs 63.2% average) were below average.