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.

Investors continue to price in a 0.25% cut from the Federal Reserve next month, although they have lowered their expectations about that.

This week's set-piece event is the Jackson Hole central-bank gathering in Wyoming, slated for Thursday through Saturday. Investors will tune into Federal Reserve Chair Jerome Powell's speech for any hints on whether the central bank might kick off interest-rate cuts in September.