Updated from 6:57 a.m. EDT
Here are 10 things you should know for Wednesday, May 14:
1. -- U.S. stock futures were suggesting Wall Street would open flat after stocks climbed to record highs during the previous session.
European stocks were trading slightly lower. Asian shares ended the session mixed. Japan's Nikkei 225 index declined 0.1%.
2. -- The economic calendar in the U.S. on Wednesday includes the Producer Price Index for April at 8:30 a.m. EDT.
3. -- U.S. stocks on Tuesday ended mixed but the S&P 500 broke above 1,900 intraday for the first time and booked an all-time closing high along with the Dow Jones Industrial Average.
The Dow closed up 0.12% to 16,715.44, while the S&P 500 gained 0.04% to 1,897.45. The Nasdaq moved in the opposite direction, sliding 0.33% to close at 4,130.17.
4. -- Japan's Sony (SNE) posted a quarterly loss of 138 billion yen ($1.3 billion), hit by costs from selling its Vaio PC business.
Sony, the maker of PlayStation 4 and Bravia TVs, is forecasting a loss of 50 billion yen for the fiscal year ending in March 2015 as sales are expected to be flat.
Sony also reported a loss of 128.4 billion yen ($1.3 billion) for the fiscal year ended in March. The previous year, Sony reported a loss of 41.5 billion yen the previous year.
Sony shares fell 5.3% to $16.70 in premarket trading on Wednesday.
5. -- Networking equipment maker Cisco (CSCO) is expected by Wall Street after Wednesday's closing bell to report fiscal third-quarter earnings of 48 cents a share on revenue of $11.36 billion.
Cisco has topped earnings estimates for 10 quarters in a row, but the stock has declined 12% over the last nine months as investors take a wait-and-see approach with the company's turnaround plans.
Cisco shares fell less than 1% in premarket trading.
6. -- A GlaxoSmithKline (GSK) executive was accused by Chinese authorities of a scheme to bribe doctors and hospitals to use the company's drugs.