Stock Market Update
11-Aug-26 13:30 ET
Dow Slips as Honeywell, Alphabet and Nike Weigh on Index
Dow -111.91
at 53864.07,
Nasdaq -157.60
at 26468.78,
S&P -22.42
at 7730.69
[BRIEFING.COM] The Dow Jones Industrial Average (-0.21%) is down about 112 points, in first place on Tuesday afternoon.
A look inside the DJIA shows that Honeywell (HON 232.63, -10.30, -4.24%), Alphabet (GOOGL 347.05, -10.47, -2.93%), and Nike (NKE 40.91, -1.20, -2.85%) hold solid losses.
Meanwhile, Home Depot (HD 354.95, +4.17, +1.19%) is atop the standings.
The DJIA is now +2.65% higher in August.
Elsewhere, U.S. Treasuries continue holding slim gains after establishing today's trading range during the opening 90 minutes of action. The belly trades a step ahead of other tenors as the patiently market awaits tomorrow's release of July CPI (Briefing.com consensus 0.1%; prior -0.4%) and Core CPI (Briefing.com consensus 0.2%; prior 0.0%) at 8:30 ET. Treasuries are holding their ground in reaction to the just completed $58 bln 3-yr note offering, which met good demand. The sale drew a high yield of %, which stopped through the when-issued yield by half of a basis point while the bid-to-cover ratio (2.71x vs 2.64x average) and indirect takedown (64.2% vs 63.3% average) were above average. The U.S. Treasury will follow today's sale with a $42 bln 10-yr note offering tomorrow.
