Lower close ahead of Fed minutes release

The markets closed lower with the Dow losing 17 points to 16,991 ahead of the release of minutes from the last Federal Reserve meeting later this week. Nasdaq fell 20 points to 4,454.

On the upside

A runoff election between president Dilma Rousseff and pro business candidate Aecio Neves lifted shares of Banco Bradesco (NYSE: BBD).

Bloomberg reported that Rio Tinot (NYSE: RIO) may merge with Glencore.

Bargain hunters lifted shares of Alpha Natural Resources (NYSE: ANR).

On the downside

NxT-ID (Nasdaq: NXTD) will exhibit its Wocket smart wallet at the 2015 International Consumer Electronics Show in Las Vegas but the stock price dropped.

The Australian Conservation Foundation installed a 15-kilowatt solar PV system with Enphase Energy (Nasdaq: ENPH) Microinverters at its headquarters but the stock price fell.

EZchip (Nasdaq: EZCH) warned that third quarter revenue would fall short of previous guidance.

In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE and while decliners outpaced advancers by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 3 points to 1964. Bitcoin climbed $31 to $330.
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