The markets continue to decline in early morning trading, with major indices showing losses and the 30-year Treasury yield exceeding 5%. The Dow Jones is notably down over 300 points, while tech stocks also show declines. Alphabet, however, is an exception, witnessing a rise of 1.8% amidst its I/O developer event, where it unveiled new technology. Target reported disappointing earnings, resulting in a significant drop of 6.8% in its stock, with a lowered sales outlook attributing to consumer uncertainty.
The markets are extending their losses this morning, with all three of the major stock market averages trading lower out of the gate.
Google parent Alphabet is a bright spot, rising 1.8% today as it holds its I/O developer event in California.
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