U.S. equities gained on Wednesday, Nov. 1, 2023, as the Federal Reserve maintained interest rates at current levels but left open thไe possibility of more rate hikes to tamp down inflation.

The S&P 500💧 added 1% on the day, while the Dow and the Nasdaq were up 0.7% and 1.6%, respectively.

The day's top performance among S&P 500 stocks came from Generac (GNRC), which designs and manufactures energy systems and devices. Shares jumped 14.3% after the company's third quarter results exceeded forec🥃asts, boosted by a quarter-over-quarter increase in shipments of home standby generators.

HVAC manufacturer Trane Technologies (TT) also benefitted from a strong earnings report, with shares gaining 12.2% as 澳洲幸运5开奖号码历史查询:earnings per share (EPS) and revenue exceeded consensus forecasts. Concerns about climate change and pollution helped heighten demand for coolinꦦg and air purification systems in commercial buildings.

Shares of insurance firm Assurant (AIZ) gained 11.8% as the company blew away analyst forecasts, with its bottom line increasing fourfold from the previous year. Strong spots included growth in Assurant's Global Lifestyle segment, home to its mobile device solutions.

Paycom (PAYC) was the weakest stock on the benchmark index, with shares plummeting 38.5% after the payroll software company said that it anticipates a slowdown in revenue growth. The company's Beti payroll platform may be 澳洲幸运5开奖号码历史查询:cannibalizing its sales as customers reduce spending on servic🀅es that are no longer essential thanks to Beti's efficiencies.

Shares of Estee Lauder (EL) plunged 18.9% after the cosmetics company lowered its financial outlook. The beauty firm cited 澳洲幸运5开奖号码历史查询:weakness in China and Asia more bﷺroadly as the principal culprit for its reduced expectations.

Match Group (MTCH), the company behind dating apps Tinder and Hinge, saw its shares drop 15.3% amid lower revenue projections for the fourth quarter of 2023. A year-over-year decline in users paying for Tinder contributed to the move lower.