US stock indexes declined at the start of Wednesdays session as investors digested retail earnings and awaited the release of the Federal Reserves meeting minutes.

Target shares dropped 10.7% to $94.13 after the retailer reported weaker quarterly sales and announced the appointment of a new CEO who will assume his role in February.

The Feds minutes are due later today, with markets watching for signals on monetary policy amid continued pressure from the Trump administration for rate cuts.

By 15:08 GMT, the Dow Jones Industrial Average fell 0.2% (75 points) to 44,847. The broader SP 500 dropped 0.8% (53 points) to 6,359, while the Nasdaq Composite lost 1.6% (341 points) to 20,966.