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Stocks Falter, Metals Fall As Traders Turn Cautious Ahead Of Fed Minutes, Nvidia Earnings; First Solar Hits Record Highs: What’s Driving Markets Wednesday?

Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp.

ADI

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Why Is Home Furnishing Retailer Williams-Sonoma Stock Surging Today?

Williams-Sonoma shares soar as Q1 FY24 earnings surpass expectations. Despite a 6.5% sales decline to $1.66 billion, the company beat EPS estimates with $4.07 compared to $2.70. Gross margin expanded to 48.3%, and operating income surged 62.3% to $323.8 million. CEO Laura Alber emphasizes the company's commitment to growth, customer service, and margin improvement.

WSM