Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.88%) is at lows of the session in recent trading, down about 408 points.

A look inside the DJIA shows that NVIDIA (NVDA 173.46, -5.22, -2.92%), Goldman Sachs (GS 817.28, -24.56, -2.92%), and Boeing (BA 194.71, -4.90, -2.45%) are underperforming.

Meanwhile, Chevron (CVX 208.83, +3.68, +1.79%) is today's top gain getter.

The DJIA is now up +0.97% week-to-date.

Elsewhere, U.S. Treasuries trade on their lows after a steady extension of their starting losses. The market put together a bounce attempt during the first couple hours of action, but resistance was found well before Treasuries reached their flat lines, followed by a slide to fresh lows. The Treasury complex hit worst levels of the session after the U.S. Treasury completed this week's dismal note auction slate with another poor sale. The $44 bln 7-yr note offering drew a high yield of 4.255%, which tailed the when-issued yield by nearly a basis point while the bid-to-cover ratio (2.43x vs 2.53x average) and indirect takedown (62.6% vs 64.2% average) were below average.