Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.35%) is in "first" place on Wednesday afternoon, down 168 points.

A look inside the DJIA shows that Caterpillar (CAT $562.60, -26.33, -4.47%), NVIDIA (NVDA $172.21, -5.51, -3.10%), and Nike (NKE $65.86, -1.26, -1.88%) are underperforming.

Meanwhile, Salesforce (CRM $260.34, +5.43, +2.13%) is atop the average.

The DJIA is now down -1.56% on its 3+ session losing streak.

Elsewhere, U.S. Treasuries hover within a striking distance of their opening levels after a slow dip from session highs that were reached around 10:30 ET. Treasuries slowly climbed off their lows in morning trade with 10s and 30s making a brief appearance in the green before the entire complex found resistance that that reversed the entire bounce. That said, the action has remained confined to a narrow range with the 10-yr yield bouncing between 4.14% and 4.17%. Treasuries are holding their ground in reaction to the just completed $13 bln 20-yr bond reopening, which met good demand. The sale drew a high yield of 4.798%, stopping through the when-issued yield by a tenth of a basis point while the bid-to-cover ratio (2.67x) was above average (2.62x). Indirect takedown (65.2%) was just below average (65.5%) making for a small blemish.