Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+1.21%) is in first place on Tuesday afternoon, up more than 560 points.

A look inside the DJIA shows that Home Depot (HD 351.24, +14.66, +4.36%), Merck (MRK 104.26, +3.86, +3.84%), and Nike (NKE 63.87, +1.94, +3.13%) are some of today's better performers.

Meanwhile, NVIDIA (NVDA 176.04, -6.51, -3.57%) is underperforming.

The DJIA is down about -1.16% month-to-date.

Elsewhere, U.S. Treasuries trade at their best levels of the day with the belly showing some relative strength. Treasuries spent the bulk of the morning near their starting levels, reaching highs about an hour ago amid a report that National Economic Council Director Hassett is the frontrunner for the nomination to replace Fed Chairman Powell. Recent action saw the 5-yr note and shorter tenors push to fresh highs even though the U.S. Treasury's $70 bln 5-yr note sale met soft demand. The auction drew a high yield of 3.562%, which tailed the when-issued yield by half of a basis point. The bid-to-cover ratio (2.41x) was a touch above average (2.38x) while indirect takedown (61.3%) was below average (66.4%). The U.S. Treasury will sell $44 bln in 7-yr notes tomorrow.