Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.45%) is still in last place on Wednesday afternoon, having peeled just a portion of losses from the prior half hour.

A look inside the DJIA shows that Travelers (TRV 231.01, -7.84, -3.28%), Visa (V 280.20, -5.14, -1.80%), and UnitedHealth (UNH 588.36, -10.67, -1.78%) are underperforming.

Meanwhile, American Express (AXP 251.16, +5.74, +2.34%) is today's top gainer.

The DJIA is now up about +0.5% week-to-date.

Elsewhere, U.S. Treasuries trade modestly lower after enduring post-CPI volatility. The market started the day at fresh highs for the year before sliding in reaction to the CPI report. Treasuries bounced swiftly from their post-CPI lows alongside a weak open in stocks while the past two hours have seen renewed pressure in Treasuries as stocks bounced. The Treasury market is trying to resist additional selling with some help from the just completed $39 bln 10-yr note sale, which met strong demand. The auction drew a high yield of 3.648%, which stopped through the when-issued yield by 1.4 basis points while the bid-to-cover ratio (2.64x vs 2.50x average) and indirect takedown (76.0% vs 66.4%) were above average.