Wall Street’s major averages have slipped on Wednesday as investors weigh a fresh round of retail earnings and digest the release of the Federal Reserve’s latest meeting minutes. Falling the hardest has been the tech focused Nasdaq Composite (COMP:IND) which has dropped 1.

Wall Street held near its records in premarket trading Tuesday as traders digested the latest corporate earnings reports while waiting for fresh cues about interest rates from the Federal Reserve.

Wall Street's main indexes closed roughly flat on Monday, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve's annual symposium in Jackson Hole.