Wall Street’s major averages slipped on Wednesday as investors weighed a fresh round of retail earnings and now look ahead to 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'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.

The tech sector was behind much of the market recovery from the April selloff, but investors have started to take stock of the elevated valuations, sending the S&P 500 and the Nasdaq to their worst day in more than two weeks on Tuesday.