The major U.S. indices fell after today's Fed minutes indicated further concern over inflation. All three major indices fell 0.7%.

Crude futures for May delivery added $0.14 to close at $62.03 per barrel. June gold futures closed higher by $0.30 to $681.80 an ounce.

Around Europe, France's CAC 40 Index moved lower by 0.25% to 5,751.92, Germany's DAX lost 0.2% to 7,152.83, and the U.K.'s FTSE 100 Index fell 0.07% to 6,413.30.

Stocks on the Move

Higher Aluminum Prices Add Luster To Q1 Results. AA shares added 0.5%.

To Axe 17K Jobs; Sees $1.38 Bln Pre-tax Charge In Q1, $2.1 Bln Savings In FY07. C shares fell by 1.2%.

March Comp. Rises 12%, Sees Decline In April Comp.. TGT shares lost 1.4%.

Q1 Sales Rise 20%, Same-store Sales Up 8.5%; Gives Q1 EPS View; Lifts FY07 Forecast. TSCO shares jumped nearly 11%.

Market Snapshot

Strongest & Weakest Sectors

Economic News

FOMC says housing demand 'leveling out,' no subprime spillover

Fed minutes still project economic pickup later this year

Fed minutes say all FOMC members agreed predominant policy concern remains inflation

EIA reports that Crude inventories rose by 678K barrels

-TradingMarkets Research