Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.28%) is down about 131 points this afternoon.

A look inside the DJIA shows that Salesforce (CRM 238.73, -7.05, -2.87%), Nike (NKE 69.25, -1.92, -2.70%), and Caterpillar (CAT 485.55, -9.83, -1.98%) are among today's top laggards.

Meanwhile, IBM (IBM 295.34, +5.92, +2.05%) is outperforming.

The DJIA is now +23.8% higher off the April 2025 lows.

Elsewhere, U.S. Treasuries trade on their highs, having reached their best levels after today's strong $58 bln 3-yr note sale. Treasuries began rising off their opening lows in early action, spending morning trade in a steady rise. The advance has received added support from the just-completed 3-yr note sale, which produced a stop-through of nearly one basis point with the bid-to-cover ratio (2.66x) coming in above the prior 12-auction average (2.59%). Meanwhile, indirect takedown (62.7%) was a touch below average (64.5%).