Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (-0.10%) is now down about 47 points this afternoon.

A look inside the DJIA shows that Salesforce (CRM 183.31, -11.87, -6.08%), IBM (IBM 240.06, -8.38, -3.37%), and Microsoft (MSFT 372.21, -10.79, -2.82%) are underperforming.

Meanwhile, Walmart (WMT 122.78, +2.06, +1.71%) is today's top performer.

The DJIA is now +1.74% higher off last Friday's lows.

Elsewhere, U.S. Treasuries trade at their worst levels of the day after today's $69 bln 2-yr note sale met weak demand, resulting in a recent slip past morning lows. Treasuries climbed off their worst levels in mid-morning trade, but all that progress has been reversed over the past few minutes as the market responded to the disappointing 2-yr note offering. The sale drew a high yield of 3.936%, which tailed the when-issued yield by 1.8 basis points while the bid-to-cover ratio (2.44x) was below average (2.61x). Meanwhile, indirect takedown (59.4%) was a touch above average (59.3%). The U.S. Treasury will sell $70 bln in 5-yr notes tomorrow.