U.S. stocks traded lower this morning, with the Dow Jones dropping more than 500 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 1.69% to 31,612.42 while the NASDAQ fell 1.26% to 11,284.65. The S&P 500, also fell, dropping, 1.64% to 3,855.15.
SentinelOne, Inc. (NYSE: S) reported a narrower-than-expected loss for its fourth quarter. The company, however, but issued full-year revenue guidance below analyst estimates.
Shares of Sweden-based oats drinks company Oatley Group AB (NASDAQ: OTLY) were rallying in premarket trading on Wednesday, bucking the negative sentiment relayed by the index futures.
Audacy (NYSE:AUD) reported quarterly earnings of $0.09 per share. This is a 43.75 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $341.96 million