Stock market today: Live updates [Video]

Stocks open Wednesday in the red

DoubleVerify tumbles 38% after cutting Q2 and full-year guidance

Wednesday’s biggest premarket movers include Lyft, Uber, Rivian and more

Intel shares dip after chipmaker lowers guidance on U.S. Commerce Department notice

Uber shares fall on weaker-than-expected bookings revenue

— Fred Imbert

European markets slightly higher

— Karen Gilchrist

UOB first-quarter net profit falls less than expected, helped by fee income

— Lim Hui Jie

Nintendo shares slide after results and announcement of new Switch console

Bears have one real level left to defend, BTIG says

Coffee customers flocking to Dutch Bros shops

Dutch Bros shares are soaring on strong Q1 results. Same-store sales jumped 10% – the largest rise since the fourth quarter of 2021. CEO Christine Barone pointed out that the coffee chain saw “a healthy combination of ticket expansion and traffic.” That’s a stark contrast to coffee giant Starbucks, which last week reported a 7% drop in transactions during its latest quarter that sent the stock tumbling.

Stocks making the biggest moves …