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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Close Lower After Fed Minutes

blue stock chart with red and green bars

Stocks wavered between losses and gains Wednesday as investors sifted through the latest batch of retail earnings and looked ahead to the mid-afternoon release of the minutes from the Federal Reserve's July meeting.  

On the earnings front, quarterly results from Target (TGT, +2.9%) led the headlines today. The discount retailer disclosed lower-than-anticipated second-quarter revenue of $24.8 billion, while same-store sales fell by a wider-than-expected margin. TGT also lowered its full-year forecast.

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