Wedbush downgraded Splunk's stock on Thursday citing concerns with its ability to transition to the cloud.
Wednesday's downgrades of Coca-Cola and PepsiCo are in focus.
Splunk's license revenue and guidance left markets wanting more. Nutanix soothed competitive fears, Veeva delivered strong growth yet again and Marvell's turnaround story continued.
The tech-heavy gauge increased 0.08%, while the S&P 500 was up 0.03% and the Dow Jones Industrial Average fell 0.01%.