Stocks fell slightly Wednesday as the market struggled to recover from its worst day of the year. Traders also braced for the Federal Reserve's latest meeting minutes and more insight on the central bank's future hiking agenda.
The Dow Jones Industrials shed 28.17 points to 33,101.42,
The S&P 500 dropped 8.27 points to 3,989.07.
The NASDAQ Composite fell 26.49 to 11,465.81.
Walmart and Cisco Systems drove the losses on the Dow, falling more than 1% each. Shares of Palo Alto Networks popped 10.7% after the cybersecurity company lifted its earnings forecast for the year. Crypto exchange platform Coinbase topped revenue expectations, but shares fell 2%.
The Fed minutes are due at 2 p.m. ET. Investors will scour the results for insight into the central bank's future rate hiking path and its recent 25-basis-point increase.
Prices for the 10-year Treasury strengthened, lowering yields to 3.92% from Tuesday's 3.96%. Treasury prices and yields move in opposite directions.
Oil prices gave back 77 cents to $75.59 U.S. a barrel.
Gold prices gained 30 cents to $1,842.80 U.S. an ounce.