Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average (+0.02%) is up about 12 points this afternoon.

A look inside the DJIA shows that Salesforce (CRM 172.35, -5.14, -2.90%), Caterpillar (CAT 906.15, -20.64, -2.23%), and Amazon (AMZN 264.31, -4.68, -1.74%) are underperforming

Meanwhile, UnitedHealth (UNH 394.06, +9.62, +2.50%) bubbles to the top of the average.

The DJIA is down now about -0.82% from last week's highs.

Elsewhere, U.S. Treasuries trade on lows with yields on the 10-yr note and shorter tenors back near their March highs while the 30-yr yield is revisiting its highest level from last week. Today's selling has taken place alongside a steady retreat in equities after they soared to fresh record highs. The price of oil has remained above $101/bbl, weighing on overall sentiment on a day when the market learned that CPI accelerated to 3.8% year-over-year in April. The U.S. Treasury just completed today's $42 bln 10-yr note sale, seeing soft demand. The sale drew a high yield of 4.468%, which tailed the when-issued yield by 0.4 basis points while the bid-to-cover ratio (2.40x vs 2.50x average) and indirect takedown (64.0% vs 69.4% average) were below average. The U.S. Treasury will complete this week's auction slate with a $25 bln 30-yr bond sale tomorrow.