Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.76%) is in second place on Thursday afternoon, up about 366 points.

A look inside the DJIA shows that Amazon (AMZN 231.50, +10.25, +4.63%), Caterpillar (CAT 792.96, +21.38, +2.77%), and Amgen (AMGN 358.35, +8.54, +2.44%) all show solid gains.

Meanwhile, Salesforce (CRM 168.45, -7.48, -4.25%) is underperforming.

The DJIA now stands +7.14% higher off the late-March lows.

Elsewhere, U.S. Treasuries trade on session highs after rallying off their morning lows in reaction to reports that Israel will start negotiations with Lebanon, boosting the chance of the U.S.-Iran ceasefire staying in place. The late morning rally has sent yields on 10s and shorter tenors to within a couple basis points of their opening levels from Wednesday. The 30-yr yield was a step behind, but it is now also just two basis points above yesterday's starting mark even though the just completed $22 bln 30-yr bond reopening met demand that was a bit light. The sale drew a high yield of 4.876%, which tailed the when-issued yield by half of a basis point. However, the bid-to-cover ratio (2.39x vs 2.40x average) and indirect takedown (64.1% vs 64.0% average) were essentially in line with the prior 12-auction average.