Stocks slide lower ahead of Fed meeting notes release, new jobs data later this week 

Wall Street headed lower early today ahead of the release of notes from the latest Federal Reserve meeting and new jobs data out later in the week, the Associated Press reports.

Futures for the benchmark S&P 500 index and the Dow Jones Industrial Average slipped 0.5% before the bell.

Notes from the monthly Fed meeting at which its key interest rate was left unchanged are due for release today. Fed officials have said rates might be raised two more times this year, but traders hope they will decide enough already has been done to cool inflation.

On Friday the U.S. will report employment data for June, a day after data on weekly jobs — and separately job openings — will be released.

Shares of UPS slid more than 2% after contract negotiations broke down overnight between the company and the Teamsters union representing some 340,000 UPS workers. Each side accused the other of walking away from negotiations. The current contract expires at the end of the month, and Teamsters members last month voted in favor of a strike authorization.

In energy markets, benchmark U.S. crude rose $1.47 to $71.26 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international oil trading, lost 9 cents to $76.16 per barrel in London.

The dollar rose to 144.60 yen from Tuesday’s 144.46 yen.