Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, October 17. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes declined slightly today as investors reacted to the release of last month’s Federal Open Market Committee session minutes. The Dow Jones Industrial Average lost 0.4% and both the S&P 500 and NASDAQ fell fractionally. Most notably, the minutes point to the likelihood of a December interest-rate hike. Meanwhile, Alcoa gained 5% after surpassing both earnings and revenue expectations. The Company also announced a $200 million stock buyback—its first since 2007.
