5 things to know before markets open on Wednesday

Investors’ attention yesterday focused on interest rates. 30 years US Treasury Yields have reached levels not seen since before the global financial crisis. The sharp rise in yields has pushed stock prices lower and raised fears that a rate hike is imminent.

Here’s what you need to know:

target This morning, it beat Wall Street’s first-quarter sales and bottom line expectations, reporting a 5.6% increase in same-store sales. This is the first positive result for a major index in five quarters. The company also raised its full-year earnings outlook, helping boost its stock price in pre-market trading.

The better-than-expected report comes as Target seeks to win back shoppers and reverse a sales slump. CEO Michael Fidelke told reporters: “We know we’re just getting started, and our guests are responding in the areas where we’re focused and driving change, so we’re confident we’re on the right path.”

Target isn’t the only retailer exceeding expectations today. lowe’s It also beat analysts’ revenue and profit expectations amid what CEO Marvin Ellison called a “challenging housing macro.” The home improvement retailer’s stock fell 2% before the bell despite the positive press.

google announced at its annual developer conference yesterday that it is rolling out a new version of Gemini called 3.5 Flash. It’s a lightweight artificial intelligence model that CEO Sundar Pichai said is cheaper than comparable products. The company also announced a new general-purpose AI agent and a new world model designed to simulate real-world environments.

On the hardware side, Alphabet gave a first look at its audio smart glasses, which will be available later this year. Big tech companies partner with Samsung and glasses makers warby hoodie For products, Gentle Monster.

Elsewhere in the AI ​​race: Andrej Karpathy, co-founder and original of OpenAI tesla Leader announced that he would be joining Anthropic. Karpathy, an AI startup, said it will work on a pre-training team tasked with helping Claude acquire core knowledge and competencies.

Stellantis‘s stock has lagged under CEO Antonio Filosa. But as CNBC’s Michael Weiland reports, Filosa has plans to turn the automaker around.

Filosa, who took over as CEO last June, and his team are expected to announce plans tomorrow to get Jeep and Ram back on track. They are expected to focus on which brands are growing in different regions, while also explaining how they will cut costs and restore profitability.

But investors aren’t necessarily feeling confident heading into the event. In addition to industry-wide concerns about tariffs and increased competition from China, Stellantis also had to contend with declining market share and the impact of a shift away from electric vehicles.

Have you ever spent hours scrolling through job listings? As CNBC’s Sophie Caldwell writes, there’s now a term for it. It’s “Doom Job,” a combination of doomscrolling and job hunting.

Some hunters continually update their job sites and begin applying immediately to post job openings. A March survey found that nearly half of job seekers prioritize speed and quantity over selectivity.

However, this strategy can increase feelings of anxiety and hinder job hunting. Career coach Eliana Goldstein told CNBC that applicants should spend time networking and building their personal brands.

President Donald Trump said he was close to deciding whether to attack Iran before being asked by several Middle East leaders to postpone a military strike scheduled for Tuesday. he told reporters yesterday.

—CNBC’s John Melloy, Yun Li, Liz Napolitano, Diana Olick, Davis Giangiulio, Laya Neelakandan, Jennifer Elias, Ashley Capoot, Lora Kolodny, Michael Wayland, Sophie Caldwell and Kevin Breuninger contributed to this report.

CJ Haddad helped produce this newsletter. Josephine Rozzelle edited this version.