Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.79%) is in last place on Thursday afternoon, down almost 350 points.

A look inside the DJIA shows that Salesforce (CRM 239.33, -9.84, -3.95%), Visa (V 329.28, -10.46, -3.08%), and Caterpillar (CAT 415.13, -12.59, -2.94%) are underperforming.

Meanwhile, Coca-Cola (KO 70.39, +0.88, +1.27%) is one of today's better performers.

The DJIA is now up +0.58% week-to-date.

Elsewhere, U.S. Treasuries have slid to fresh lows after spending the bulk of the day in a sideways range. The recent retreat to lows took place after the U.S. Treasury completed this week's note and bond auction slate with a poor $25 bln 30-yr bond sale. The auction drew a high yield of 4.813%, which tailed the when-issued yield by 2.1 basis points. The bid-to-cover ratio (2.27x) was below average (2.42x) while indirect takedown (59.5% vs 65.1% average) was also shy of average, making for a continuation of this week's trend.