Stock Market Update
22-Apr-26 13:30 ET
Dow Turns Positive for the Week as Boeing, Apple, Microsoft Lead Gains Despite IBM Drag
Dow +303.75
at 49453.13,
Nasdaq +334.93
at 24594.90,
S&P +61.22
at 7125.23
[BRIEFING.COM] The Dow Jones Industrial Average (+0.62%) is in last place on Wednesday afternoon, up about 304 points.
A look inside the DJIA shows that Boeing (BA 230.90, +11.74, +5.36%), Apple (AAPL 273.22, +7.05, +2.65%), and Microsoft (MSFT 431.65, +7.49, +1.77%) hold solid gains.
Meanwhile, IBM (IBM 250.16, -5.52, -2.16%) is decently lower.
The DJIA has now moved back into the green on the week.
Elsewhere, U.S. Treasuries sit on their lows with the 2-yr yield inching to a fresh high for the week while yields on 10s and 30s remain below yesterday's highs thanks to a continued show of relative strength from longer tenors. Today's intraday selling has taken place alongside a rise in the price of oil, which is now creeping toward $94/bbl. Equities, however, have been able to maintain their gains despite the headwind from crude oil. Back to Treasuries, the outperformance in longer tenors received some additional fuel from a strong $13 bln 20-yr bond reopening. The sale drew a high yield of 4.883%, which stopped through the when-issued yield by nearly a basis point while the bid-to-cover ratio (2.68x vs 2.64x average) and indirect takedown (67.4% vs 64.7% average) were above average.
