STORY: A choppy trading day ended with stocks little changed on Wednesday, amid mixed earnings reports from technology giants.

The Dow dipped about a tenth of a percent, the S&P 500 ended essentially flat but in the green and the Nasdaq gained one-tenth of a percent.

Shares of Meta Platforms, down half a percent at the close, plunged more than 12% in after-hours trading despite beating first-quarter revenue estimates. Investors appeared less pleased with the tech giant saying its capital expenditure could reach up to $40 billion in 2024.

Tesla shares jumped 12% after the electric vehicle maker's plans to boost production and roll out more affordable models overshadowed Tuesday's weak quarterly results.

Microsoft and Alphabet are scheduled to report their results later this week.

Melissa Brown, managing director of applied research at SimCorp, says that while earnings so far have been "pretty good," there's a lot more data to come.

"It's hard to say whether they're going to send stocks back up. It really depends on how, you know, what numbers are reported. Are we seeing, you know, continued resilience to inflation? On the other hand, are we seeing, you know, higher cost, higher input costs and therefore shrinking profit margins?"

In other company news, shares of Boeing fell nearly 3% after the planemaker reported its first quarterly revenue drop in seven quarters, even though the result beat analyst expectations.

Texas Instruments climbed more than 5.5% after the chipmaker forecast second-quarter revenue above analysts' estimates.

And Hasbro shares rose nearly 12% after the toymaker reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates.