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S&P 500 Mixed as Fed Holds Rates; Generac Surges, IDEX Slumps
S&P 500 Mixed as Fed Holds Rates; Generac Surges, IDEX Slumps
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BTCCSquare news:
The S&P 500 edged 0.1% lower on Wednesday as the Federal Reserve maintained interest rates and flagged potential tariff risks. Generac Holdings led gains with a 19.6% surge after beating earnings estimates, while IDEX tumbled on weak guidance.
Market sentiment remained cautious amid trade policy uncertainty, with the WHITE House announcing new 50% tariffs on imported copper. The Nasdaq Composite eked out a 0.2% gain, contrasting with the Dow's 0.4% decline.
Generac's outperformance stemmed from robust residential and commercial sales, coupled with expanding gross margins. The power generator manufacturer benefited from favorable pricing and lower input costs, showcasing resilience in a choppy market.
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