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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. (NASDAQ:NVDA) earnings announcement after the market close. The tech-heavy Nasdaq 100 gained 0.2%, slightly outperforming other major indices, with the S&P 500 and the Dow both in negative territory by midday in New York. Small caps, tracked by the iShares Russell 2000 ETF (NYSE:IWM), fell by 0.4%. Significant gains were observed in solar and clean energy industries. The Invesco Solar ETF (NYSE:TAN) surged nearly 9%, and the Invesco WilderHill Clean Energy ETF (NYSE:PBW) jumped 5%. These gains were likely driven by newly announced trade tariff modifications on solar manufacturing equipment by the United States Trade Representative. Notably, First Solar Inc. (NASDAQ:FSLR) soared 16% to fresh all-time highs, on track for its top-performing session gains in over a year. Treasury yields remained steady, while the U.S. dollar index (DXY) strengthened by ...