Wall St. Opens Flat, IBM Weighs On Dow Index

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U.S. stocks opened little changed on Wednesday as corporate earnings provided investors with little reason to buy in a stock market that has been unable to find its footing after a strong rally last year.

Traders work on the floor of the New York Stock Exchange January 10, 2014.

U.S. stocks opened little changed on Wednesday as corporate earnings provided investors with little reason to buy in a stock market that has been unable to find its footing after a strong rally last year.

Shares of IBM weighed down the Dow after the world's biggest technology services company missed revenue expectations for a fourth straight quarter amid weakening demand, particularly in growth markets like China.

The Dow Jones industrial average .DJI fell 21.7 points or 0.13 percent, to 16,392.74, the S&P 500 .SPX gained 1.57 points or 0.09 percent, to 1,845.37 and the Nasdaq Composite .IXIC added 8.714 points or 0.21 percent, to 4,234.474.

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