Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-1.22%) is down about 610 points this afternoon.

A look inside the DJIA shows that Cisco (CSCO 75.46, -10.08, -11.78%), Walt Disney (DIS 102.27, -5.85, -5.41%), and IBM (IBM 258.77, -14.04, -5.15%) are underperforming.

Meanwhile, Walmart (WMT 132.97, +4.20, +3.26%) is today's top gain getter.

The DJIA is now down -1.21% week-to-date.

Elsewhere, U.S. Treasuries trade at their best levels of the session, sending yields on the 5-yr note and longer tenors to fresh lows for the month. Treasuries built on their starting gains through the morning as equities struggled, extending to fresh highs after the U.S. Treasury capped this week's note and bond auction slate with an excellent sale of $25 bln in 30-yr bonds. The offering drew a high yield of 4.750%, which stopped through the when-issued yield by 2.1 bps while the bid-to-cover ratio (2.66x vs 2.36x average) and indirect takedown (69.9% vs 63.4% average) were well above average.