Opening Bell: Stocks Fall as Fed Minutes Loom; Target Posts Disappointing Q1

U.S. stocks slipped on Wednesday, as investors anxiously awaited the minutes of the Federal Reserve's April meeting, which may give more clarity on the possibility of a June rate hike.
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U.S. stocks slipped on Wednesday, as investors anxiously awaited the minutes of the Federal Reserve's April meeting, which may give more clarity on the possibility of a June rate hike. Plus, Target (TGT) - Get Report posted disappointing first quarter results: sales fell 5.4 percent to $16.2 billion, falling short of the $16.3 billion analysts were looking for. The company also expects second quarter earnings between $1 and $1.20 a share, missing analysts' estimates of $1.36 a share. Meanwhile, Japan's economy grew 1.7 percent during the first quarter, reversing the 1.7 percent contraction seen during the fourth quarter of 2015. The better than expected growth came on the heels of an increase in household spending. TheStreet's Scott Gamm reports from Wall Street.