Market Update – 1:30 pm

1:30 pm : Stocks continue to chop along. Losses remain modest in scope.

Meanwhile, Treasuries have started to tick higher. Their modest climb comes as stocks lose luster and results from an auction of 7-year Notes hit newswires. The auction drew a yield of 1.99% and a bid-to-cover of 2.98, which is above recent averages. Indirect bidder participation was 56.7%, which is also above that of recent averages. DJ30 -22.71 NASDAQ -6.32 SP500 -1.67 NASDAQ Adv/Vol/Dec 1194/960 mln/1325 NYSE Adv/Vol/Dec 1640/445 mln/1272

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