Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, January 2. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes saw “a lot of volatilityA measure of how large the changes in an asset’s price are. The more volatile an asset, the more likely that its price will experience sharp rises and steep drops over time. The more volatile an asset is, the riskier it is to invest in. driven by a lot of uncertainty” on their first trading day of 2019. In addition to market response to Apple’s nearly 8% decline after the company lowered its first-quarter revenue forecast, Jim notes that investors continue to react to the litany of issues that “haunt and daunt” U.S. and international markets—none of which are likely to diminish anytime soon.