Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.10%) is taking a tick higher in recent trading, up about 48 points.

A look inside the DJIA shows that Nike (NKE 42.71, -1.43, -3.24%), Walt Disney (DIS 104.69, -3.33, -3.08%), and IBM (IBM 222.95, -6.81, -2.96%) are underperforming.

Meanwhile, Honeywell (HON 220.30, +7.18, +3.37%) is today's top gain getter.

The DJIA is now just +0.01% higher on the month.

Elsewhere, recent action saw the Treasury complex slip to fresh lows for the day alongside some renewed strength in energy prices, which has lifted WTI crude back toward $100/bbl after President Trump dismissed Iran's latest peace proposal as a non-starter. Treasuries dipped to fresh lows in immediate reaction to today's $58 bln 3-yr note sale, which met weak demand. The sale drew a high yield of 3.965%, which tailed the when-issued yield by 0.6 basis points while the bid-to-cover ratio (2.54x) was below average (2.60x). Indirect takedown (63.0%) made for a silver lining, coming in above average (57.9%). Tomorrow, the U.S. Treasury will sell $42 bln in 10-yr notes.