Stocks wavered to a mixed close on Wall Street on Wednesday as technology stocks once again weighed down the market.

Declines for several influential tech heavyweights, including Microsoft, pulled the broader market lower, even though most stocks in the S&P 500 gained ground. That was also the case on Tuesday when tech stocks pulled the market lower, despite broader gains elsewhere.

The S&P 500 fell 7.24 points, or 0.1 per cent, to 7,358.22, despite nearly 2 out of every 3 stocks gaining ground. The Dow Jones Industrial Average, which is less weighted with tech stocks, rose 182.06 points, or 0.4 per cent, to 51,848.90.