U.S. stocks traded lower this morning, with the Dow Jones dipping around 400 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.99% to 39,957.30 while the NASDAQ fell 2.08% to 17,622.81. The S&P 500 also fell, dropping, 1.47% to 5,473.80.

Leading and Lagging Sectors

Utilities shares jumped by 0.3% on Wednesday.

In trading on Wednesday, consumer discretionary shares fell by 2.7%.

Top Headline

Alphabet Inc(NASDAQ:GOOG) posted better-than-expected earnings and sales results for its second quarter.

Alphabet reported second-quarter revenue of $84.742 billion, beating the consensus estimate of $84.202 billion. The tech giant reported quarterly earnings of $1.89 per share, beating analyst estimates...