U.S. stocks wavered in midday trading Wednesday with investors looking ahead to minutes from the Federal Reserve’s recent policy meeting in the hope of gleaning fresh clues about plans to wean markets off pandemic-era stimulus measures. 

The S&P 500 slipped 0.2% a day after the broad index pulled back from a record high as technology shares fell. The tech-heavy Nasdaq Composite Index fell 0.85%, while the blue-chip Dow Jones Industrial Average—which set its own record Tuesday—rose 0.2%.