Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.27%) is in last place on Wednesday afternoon, down 135 points.

A look inside the DJIA shows that IBM (IBM 275.43, -16.33, -5.60%), Salesforce (CRM 184.48, -8.97, -4.64%), and Boeing (BA 236.60, -5.99, -2.47%) are underperforming.

Meanwhile, Caterpillar (CAT 765.85, +23.48, +3.16%) holds solid gains.

The DJIA is down now about -0.13% week-to-date.

Elsewhere, shorter-dated Treasuries continue holding a good chunk of their post-NFP losses while the long end has shown resilience, briefly lifting the 30-yr bond into positive territory during the past hour. The intraday bounce has run into some resistance after the U.S. Treasury's $42 bln 10-yr note sale met weak demand. The auction drew a high yield of 4.177%, which tailed the when-issued yield by 1.4 bps. The bid-to-cover ratio (2.39x) was a bit below average (2.54x), which was also the case with indirect takedown (64.5% vs 71.2% average).