NEW YORK (TheStreet) -- Stock futures were mixed on Wednesday morning ahead of the release of the minutes from the latest Federal Reserve meeting and as Wall Street digested a range of earnings. 

S&P 500 futures were down 0.04%, Dow Jones Industrial Average futures were flat, and Nasdaq futures gained 0.04%. 

Stocks ended mixed on Tuesday, though the Dow managed to inch to a new record, as crude oil sold off, earnings from retailers Wal-Mart  (WMT) and Home Depot (HD) came in mixed, and the housing market posted signs of a recovery.

Investors on Wednesday will be closely monitoring minutes from the April 29 meeting, at which Fed officials hinted a rate hike wasn't likely as soon as June. The minutes are expected to be released at 2 p.m. EDT.

David Ader, head of government bond strategy at CRT Capital, said he remains skeptical any new information will be gleaned from the minutes. 

"We don't expect much from those minutes given that we had the statement which is in effect an executive summary of the minutes and we've had Fedspeak and data subsequently," he said. "We don't think we'll be able to extract any more specifics on the timing of a hike nor insight into the path."

Lowe's (LOW) tumbled 6% in premarket trading after missing profit estimates. The home-improvement retailer earned 70 cents a share in its recent quarter, below forecasts of 74 cents, though revenue did increase 5.4% and beat expectations. 

Target (TGT) shares were on watch after the retailer beat bottom-line forecasts, though full-year earnings guidance came in weaker than expected. The company expects 2015 profit between $4.50 and $4.56 a share, compared to consensus of $4.56.

Staples (SPLS) fell nearly 2% in premarket trading after reporting in-line earnings and forecasting a decrease in sales in its second quarter. The office supplies chain reported sales at North American stores and online purchases fell 10%. 

Yahoo! (YHOO) and Alibaba (BABA) moved erratically in the final minutes of trading on Tuesday. Yahoo! tumbled nearly 6%, while Alibaba jumped more than 1%. It appeared the drop in shares of Yahoo! were triggered by the Internal Revenue Service's skepticism about Yahoo!'s plan to spin off its ownership stake inAlibaba (BABA) in a tax-free move. Yahoo! shares moved up 3.1% in premarket trading.

Etsy (ETSY) tumbled nearly 20% after reporting results for the first quarter since its market debut. The online craft marketplace reported a loss of 84 cents a share, while revenue jumped 44.4% to $58.5 million. At the end of the first quarter of 2015, Etsy had more than 1.4 million active sellers and 20.8 million active buyers.

UBS (UBS) was moving higher after reaching a settlement with U.S. authorities over alleged rigging of currency markets. The company will pay $545 million in fines after pleading guilty to one count of wire fraud and allegations it rigged LIBOR rates. Shares jumped 3.3%. 

United Technologies (UTX) is reportedly talking to potential buyers about its Sikorsky Aircraft business, according to The Wall Street Journal. United had planned to spin off the unit, though a full sale could fetch around $10 billion. Shares were slightly higher. 

Pep Boys (PBY) jumped more than 15% on reports the company has been approached about a takeover, according to Dow Jones. Private-equity firm Golden Gate and other potential suitors are reportedly involved, though Pep Boys has not yet engaged in negotiations. 

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