Stocks sell off as rate hike fears rise

Strong Home Depot earnings can't turn the Dow around, as stocks sell off on rate hike fears. And  Shark Tank investor Robert Herjavec is here to reveal his entrepreneur secrets and what he thinks of this market. Catch The Final Round at 4 p.m. ET with Jen Rogers and markets correspondend Nicole Sinclair.

Winners and losers

Shares sinking in today's trading include LendingClub as the troubled company received a grand jury subpoena regarding 'non-conforming sales;' Office Depot dropping as investors aren't thrilled with the company's plans following a failed merger with Staples; and Abbvie - the drugmaker tanking after the U.S. patent office said its patent for blockbuster arthritis treatment Humira may be invalid.

Stocks pushing higher today include kids' apparel maker Children's Place up on a profit forecast boost; Valeant climbing as Citron's Andrew Left, who famously shorted Valeant all the way down and is now long; and Pandora jumping as activist fund Corvex revealed a nearly 10% stake in the company and urged Pandora to put itself up for sale.

Shark Tank's Robert Herjavec

Sales doesn't have to be a cutthroat business, at least according to entrepreneur Robert Herjavec. The author of the new book "You Don't Have to be a Shark: Creating Your Own Success" gives us his secrets to entrepreneurship and his thoughts on the market.

Looking ahead

• At 2 p.m. ET, a highly anticipated report, the FOMC minutes from April's meeting will be released. The street will be combing through the minutes, looking for any hint that a June rate hike may be more likely than the market is expecting.

• Earlier in the day, the EIA will release its weekly crude inventory report. Last week we saw an unexpected drawdown of 3.4 million barrels, which helped boost oil prices last week.

• Finally we'll get a big batch of earnings from retailers like Target, Lowe's, and Staples, as well as reports from Cisco, Hormel, and Salesforce.com.