U.S. stocks are falling Wednesday, led by Target, which lost more than a fifth of its value after the retailer gave a dour forecast for the holiday shopping season. The S&P 500 was down 0.5%, as of 11 a.

U.N. nuclear watchdog chief Rafael Grossi said on Wednesday he hopes Iran's move towards capping its stock of uranium just short of weapons grade will hold, as his agency's board was set to pass a Western-drafted resolution that could derail that.

Iran’s pledge to cease stockpiling uranium enriched close to the levels needed for nuclear weapons was made unconditionally and is the first time the nation has made such a proposal, according to the United Nations atomic watchdog.