Currently, the major averages are turning in a mixed performance. While the Nasdaq is down 5.90 points or 0.1% at 4,521.62, the Dow is up 15.22 points or 0.1% at 16,934.81 and the S&P 500 is up 0.69 points or less than a tenth of a % at 1,982.29.
The choppy trading on
Traders are likely to closely analyze the minutes for clues as to how soon the Fed will begin to consider raising interest rates.
Most of the major sectors are showing only modest moves in early trading, contributing to the lack of direction being shown by broader markets.
While some early weakness is visible among tobacco and oil service stocks, railroad stocks are moving to the upside.
Traders may be taking a break following the upward move seen over the past two weeks, which lifted the tech-heavy Nasdaq to its best levels in over fourteen years.
Among individual stocks, shares of Target (TGT) came under pressure at the start of trading but have shown a substantial turnaround since then.
The rebound by Target comes even though the troubled retailer reported weaker than expected second quarter earnings and cut its full-year profit guidance.
Home improvement retailer Lowe's (LOW) also fell sharply at the open after lowering its forecast for full-year sales growth, but the stock has shown a significant recovery since then.
On the other hand, shares of
In overseas trading, most stock markets across the
Meanwhile, the major European markets are giving back some ground following recent strength. While the
In the bond market, treasuries have moved modestly lower, pulling back further off their recent highs. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 1.6 basis points at 2.421%.
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