No guidance on interest rates, markets close lower

Investors were disappointed that Federal Reserve meeting minutes gave little indication of when interest rates would rise. The markets closed lower with the Dow easing 2 points to 17,685. Nasdaq fell 26 points to 4,675.

On the upside

Simon Property Group acquired a 3.6% stake in The Macerich Company (NYSE: MAC).

Target (NYSE: TGT) reported higher third quarter earnings that beat analyst expectations.

Third quarter earnings rose for Lowe's Companies (NYSE: LOW) to top estimates prompting the company to lift its full year guidance.

On the downside

Robert W. Baird downgraded Synchronoss Technologies (Nasdaq: SNCR) from a Neutral rating to an Underperform rating.

E-House (NYSE: EJ) reported lower third quarter earnings and cut its full year outlook.

Falling thermal coal prices weighed down shares of Alpha Natural Resources (NYSE: ANR).

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 lost 3 points to 2048. Bitcoin slipped $1 to $375.
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