Stocks wavered in morning trading on Wednesday, as losses for several Big Tech companies offset gains elsewhere in the market. The S&P 500 fell 0.1% in morning trading, even though far more stocks were rising than falling in the index.

Stocks are off to a mixed start on Wall Street as losses for Big Tech companies offset gains elsewhere in the market

Stock futures were little changed Wednesday ahead of the release of the Federal Reserve's preferred measure of inflation, as investors digested a flurry of earnings reports that came out after yesterday's closing bell.