Apple Inc. (NASDAQ: AAPL) fell on Wednesday, after the company disappointed with the pricing of its highly-anticipated iPhone 5C. The tech giant did not announce a deal with China Mobile overnight, as analysts had expected; however, the company has been granted a license to run its iPhone devices on China Mobile's network.

Shares of Apple fell 5.84 percent to $465.61 in morning trading.

Verizon Communications Inc. (NYSE: VZ) unveiled a bond sale on Wednesday, offering $49 billion worth of debt in the largest corporate offering ever. The proceeds will be used to help finance Verizon's purchase of Vodafone's 45 percent stake in Verizon Wireless.

Shares of Verizon Communications edged up 9.04 percent to $46.49.

UBS upgraded Morgan Stanley’s (NYSE: MS) shares to "buy" from "neutral" on the firm's transition to a more wealth management-driven business model.

Shares of Morgan Stanley edged down 0.11 percent to $28.01. 

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