Stock Market Update
12-Mar-26 13:30 ET
DJIA Falls Over 500 Points; Goldman Sachs, Boeing, 3M Lead Declines While Salesforce Gains
Dow -537.94
at 46878.22,
Nasdaq -295.12
at 22421.03,
S&P -73.69
at 6704.10
[BRIEFING.COM] The Dow Jones Industrial Average (-1.13%) is in second place on Thursday afternoon, down 538 points.
A look inside the DJIA shows that Goldman Sachs (GS 792.56, -31.20, -3.79%), Boeing (BA 206.16, -7.94, -3.71%), and 3M (MMM 149.58, -5.59, -3.60%) are underperforming.
Meanwhile, Salesforce (CRM 200.21, +6.08, +3.13%) is today's top gain getter.
The DJIA is now -1.31% lower week-to-date.
Elsewhere, U.S. Treasuries continue trading in the red with the 2-yr note showing relative weakness as crude oil continues its push past $90/bbl while the long bond outperforms, remaining near its starting level. The long bond's outperformance received some recent assistance from today's $22 bln 30-yr bond reopening, which met strong demand. The reopening drew a high yield of 4.871%, which stopped through the when-issued yield by 0.7 basis points while the bid-to-cover ratio (2.45x vs 2.39x average) and indirect takedown (63.4% vs 63.8% average) were above average.
