- Fed held rates at 3.75%-4.00%
Consumer companies fell as long-term Treasury yields rose after the Fed held rates steady. Mortgage rates benchmarked to long-term Treasurys could pressure housing. Brinker International rose on strong Chili's performance. VF fell on Vans wholesale slump. Wendy's rallied after activist investor Trian offered to buy the chain for about $1.4 billion. Campari-Milano reported sales growth from focusing on core brands.
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