The Dow Jones Industrial Average (^DJI), S&P 500 (^GSPC), and Nasdaq Composite (^IXIC) opened little changed on Wednesday. It comes on the heels of record closes for both the Dow and S&P 500 on Tuesday. With the Federal Reserve's rate cut moving toward the rearview mirror, Wall Street is searching for the next catalyst to move stocks. That could come on Friday when the August Personal Consumption Expenditures report is released.

Morning Brief anchor Brad Smith and Yahoo Finance Markets and Data Editor Jared Blikre break down the action at the open.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.