"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."
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.
Read at 24/7 Wall St.
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