The U.S. markets are now open, with stocks trading mostly flat. The Dow (+0.09%) and S&P 500 (+0.04%) are up just a few bips, while the Nasdaq (-0.05%) is declining. In small cap land, the Russell 2000 (-0.51%) is pulling back from a nearly 2% run yesterday; Gold is also erasing its fantastical gains from yesterday.

Follow all the latest U.S. market action for Wednesday here to see if equities can hit more record highs as the first of the Mag 7 stocks, Tesla, delivers earnings later in the day.