Sunrun's stock dropped 8.6% after the company was downgraded to equal weight from overweight by Barclays.

Overnight on Tuesday, the conservative media network Newsmax was dropped by DirecTV, prompting the news organization to accuse the satellite service of politically motivated censorship.

AT&T reported a large fourth-quarter loss after booking a $25 billion accounting charge largely tied to its legacy landline businesses.

U.S. stocks fell Wednesday, as another busy day of earnings gave investors a fresh sense of how companies are coping with an economic slowdown and higher interest rates.

News Corporation and Fox News saw their stock prices rise by 4.9% and 1.8%, respectively, after Rupert Murdoch decided not to go ahead with plans to merge the two companies. The proposed merger had been met with resistance from shareholders. AT&T's shares rose by 1.8% after the company released its fourth-quarter report on Wednesday. The report showed an increase in the number of subscribers, but AT&T forecast that its annual profit would be below expectations.