By Liz Moyer

Investing.com — U.S. stock fell Wednesday following a weak earnings report. Target The retail sector was impacted.

The index fell 1.6% at 10:40 ET while the dropped nearly 2% to the bottom and was 2.2% lower.

Target Corporation shares dropped 24% following weaker-than-expected earnings. Stocks of Target Corporation (NYSE:) fell 24% after weaker than expected earnings. Lowe’s Companies Inc (NYSE:) shares also fell 2.7%.

Others retail stocks also took a hit due to the poor numbers. Best Buy Co Inc shares (NYSE:), and Dollar General Corporation (NYSE ) fell 10%. Macy’s Inc (NYSE:) was down 8%.

The 10-year Treasury was briefly above 3% during the morning session.

Wednesday’s action marked a turn in gains that have occurred recently, but the indexes were mostly unchanged for nearly a whole month. 

Oil prices ticked lower. Oil prices fell 0.3% to $109.17 per barrel while crude oil fell 0.4% to $111.58/barrel. The price of an ounce fell 0.4%, to $1811 per pound. 

The average price of gasoline has risen steadily to $4.567 per gallon across the country. This is 48c more than one month ago, and about $1.52 more than drivers paid last summer. In every state in the United States, drivers are paying over $4 per gallon.