Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.80%) is in second place on Wednesday afternoon, up about 369 points.

A look inside the DJIA shows that Merck (MRK 119.64, +3.27, +2.81%), Amazon (AMZN 212.69, +5.45, +2.63%), and Honeywell (HON 226.97, +5.40, +2.44%) are outperforming.

Meanwhile, Salesforce (CRM 181.18, -1.84, -1.01%) is today's top laggard.

The DJIA is now +2.01% higher week-to-date.

Elsewhere, U.S. Treasuries trade near their best levels of the day, looking to sustain a bounce that is pressuring yields off levels not seen since mid-2025. The belly has shown some relative strength since the start, though the 5-yr note has narrowed its lead after today's $70 bln 5-yr note auction, which met weak demand. The sale drew a high yield of 3.980%, which tailed the when-issued yield by nearly 1.5 basis points while the bid-to-cover ratio (2.29x vs 2.39x average) and indirect takedown (61.9% vs 64.6% average) were below average, making for the second poor auction of the week.