Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.73%) is in last place on Tuesday afternoon, down 363 points.

A look inside the DJIA shows that Salesforce (CRM 243.06, -16.34, -6.30%), Visa (V 330.48, -12.72, -3.71%), and Verizon (VZ 39.02, -0.82, -2.06%) are underperforming.

Meanwhile, Boeing (BA 245.33, +5.52, +2.30%) holds gains atop the average.

The DJIA is up about +2.42% month-to-date.

Elsewhere, U.S. Treasuries trade modestly higher with shorter tenors just below their post-CPI highs while the long bond hovers near the midpoint of today's range. The market has seen some more buying in immediate reaction to a $22 bln 30-yr bond reopening, which met strong demand. The sale drew a high yield of 4.825%, which stopped through the when-issued yield by 0.8 basis points, while the bid-to-cover ratio (2.42x) exceeded the prior 12-auction average (2.37x). Indirect takedown (66.8%) was also above average (63.5%), making for a strong finish to this week's note and bond auction slate.