Stocks slide after the Fed minutes (SPY, SPX, DJI, IXIC, TGT, LOW, HD, USD, TLT, TLO)

Stocks fell after minutes of the Federal Reserve's April meeting showed that the FOMC could raise rates in June if economic data calls for it. 

Near 2:26 p.m. ET, the Dow was down 75 points, the S&P 500 was down 8 points, and the Nasdaq was flat. 

Treasurys sold off and yields spiked after the minutes crossed. The benchmark 10-year yield rose as many as 10 basis points to 1.861%.

Investing.com

Stocks closed lower Tuesday, with all three indexes down about 1%. The S&P 500 briefly returned negative for the year during the session. 

On Tuesday, Atlanta Fed president Dennis Lockhart and San Francisco Fed president John Williams both said they would not rule out a June interest-rate hike. This kind of talk has sent jitters through markets of late, and appeared to be one of the reasons why stocks turned lower on Tuesday. 

In earnings, Target joined other retailers reporting earnings that were weaker than analysts expected. The company beat on earnings per share, but sales missed forecasts. 

The company expects second-quarter same-store sales to be in a range of flat to down 2%. Its shares fell 7% pre-market. 

But like Home Depot, Lowe's topped expectations due to a strong housing market and demand for home improvement. 

NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy