Major U.S. stock indices rose on Wednesday as investors digested retail earnings results and minutes from the U.S. Federal Reserve’s latest meeting.

The S&P 500 ended midweek trading up 0.4%, while the Nasdaq gained 0.6%. Underperformance by American Express stock (AXP) weighed on the Dow, which was essentially flat on the day.

Keysight Technologies (KEYS) shares rose 13.9%, the best daily performance in the S&P 500. The company reported better-than-expected results for its fiscal third quarter on Tuesday. Although revenue declined slightly year-over-year, Keysight reported a year-over-year increase in orders, suggesting that business remains resilient even as customers in various end markets face macroeconomic headwinds.

Retail giant Target (TGT) also beat analysts’ forecasts with its second-quarter sales and earnings per share (EPS) numbers. Its shares rose 11.2%. After a decline in the previous quarter, comparable store sales rose year-over-year in the same period, driven by an increase in store traffic and year-over-year gains in digital sales. Following the strong quarter, Target raised its full-year earnings forecast.

Target wasn’t the only retailer whose stock price rose on Wednesday. TJX Companies (TJX) shares rose 6.1% to hit an all-time high as the operator of TJ Maxx, HomeGoods and Marshall’s beat revenue and profit expectations for the quarter. Consumers looking for cheap and affordable options helped the company post comparable-store sales growth in the quarter, with customer traffic increasing across all brands. TJX also announced an investment in Brands for Less, a discount retailer with a presence in the Middle East, as the company looks to expand its international footprint.

Shares of investment manager Franklin Resources (BEN) plunged 12.6 percent on Wednesday, the biggest drop of any stock in the S&P 500. The losses came after the company announced that Ken Leech, co-chief investment officer (CIO) of the Western Asset Management unit, has taken a leave of absence after receiving a Wells Notice from the Securities and Exchange Commission (SEC). In a regulatory filing last month, Franklin said it was conducting an internal investigation into certain trading activity in the unit’s managed accounts.

American Express shares fell 2.6% after Bank of America downgraded the credit card provider’s rating to “neutral” from “buy.” Analysts questioned Amex’s future growth potential, citing the uncertain outlook for consumer spending, even among the company’s upscale customers.

Shares of medical device maker Cooper Companies (COO) fell 2.3%. Wednesday’s decline marked a reversal of gains posted earlier in the week amid positive comments from analysts at Piper Sandler highlighting strong growth trends in the contact lens business. Cooper will release its next quarterly report on August 28.