Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.03%) is up only 15 points this afternoon, the shallowest gains among the major averages.

A look inside the DJIA shows that Microsoft (MSFT 425.79, +13.12, +3.18%), Nike (NKE 47.36, +1.38, +3.00%), and IBM (IBM 261.37, +6.17, +2.42%) are some of today's top gainers.

Meanwhile, Visa (V 321.60, -6.01, -1.83%) is underperforming.

The DJIA is up about +0.16% week-to-date.

Elsewhere, U.S. Treasuries hover just below highs that were reached in response to mid-morning reports about meaningful progress in U.S.-Iran negotiations. Treasuries attempted a late morning pullback from highs, but the past hour has seen some renewed buying that has returned the complex toward today's highs. The U.S. Treasury just completed this week's note auction slate with a solid sale of $44 bln in 7-yr notes. The offering drew a high yield of 4.290%, which stopped through the when-issued yield by a tenth of a basis point while the bid-to-cover ratio (2.52x) was right in line with average. Indirect takedown (78.4%) was above average (64.7%), reflecting increased interest from foreign investors and central banks.