Top 10 Things to Watch in the Stock Market Wednesday

Investors are watching several developments in Wednesday's trading session, including a fresh analyst upgrade for Microsoft and the start of Meta's annual Connect event.

Microsoft shares are in focus after receiving an upgrade from an analyst, a move that could influence sentiment toward the broader technology sector as markets weigh the outlook for major software and cloud computing companies.

Meanwhile, Meta Connect, the company's annual event centered on its virtual and augmented reality products as well as artificial intelligence initiatives, is underway. Announcements from the event are typically scrutinized by investors for signals about the company's spending plans and product roadmap in emerging technology areas.

Both developments come as broader market participants continue to track corporate earnings, interest rate expectations and technology sector performance as key drivers of trading activity.

As with any single trading session, the overall direction of the market will depend on a combination of corporate news, economic data and investor sentiment throughout the day.