Wall Street is poised for declines on Wednesday as investors react to the news of upcoming trade talks between the U.S. and China, as well as a probe by the Trump administration into Silicon Valley giants.

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Despite the expected decreases, the Dow Jones Industrial Average, S&P 500 and Nasdaq all still remain near record-territory.

Second-quarter earnings are also poised to roil the markets on Wednesday as Facebook, Ford Motor Co., AT&T and other top U.S. firms prepare to release financial results through June.

Kicking off the day, Caterpillar reported $14.43 billion in revenue and profits of $2.83 per share, both below analyst expectations.

Boeing also missed projections, reporting a profit loss of $5.21 per share compared to Wall Street predictions of $1.87 per share. Revenue in the second quarter was $15.8 billion, less than the expected $18.55 billion.

While early, 79 percent of companies that have reported earnings exceeded earnings projections, while 65 percent beat revenue predictions. Overall, S&P 500 earnings are up 8.7 percent from 2018.