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Stocks on edge as investors expect rate hike

Stocks (^DJI^GSPC^IXIC) are on edge as the jobs report delivers an upside surprise and even more evidence for the Fed’s all but certain rate hike next week. Catch The Final Round at 4 p.m. with Jen Rogers, Yahoo Finance editor-in-chief Andy Serwer, markets correspondent Myles Udland and reporter Jared Blikre.

Winners and losers

Stocks ending the day in the red include Southwest Airlines after cutting its forecast on a key revenue metric; payment systems company VeriFone on a downgrade at BTIG after its Q2 earnings forecast disappointed the Street; and Finisar. Shares of the voice and data communications systems maker missed on both earnings and revenue and gave a weaker-than-expected current quarter outlook.

Meanwhile, stocks ending the day in the green include Ulta Beauty as the beauty products retailer posted a beat on its top and bottom lines; AbbVie after Goldman Sachs added the biotech firm to its Conviction Buy List; and Vail Resorts, with shares of the resort operator higher after earnings and revenue came in above estimates and it raised its quarterly dividend by 30%.

Looking ahead

Here’s what will be making headlines next week:

  • On Wednesday Janet Yellen and the FOMC release their latest policy statement, followed by a press conference. Stick with Yahoo Finance as we’ll have full, live coverage at 2 p.m. Eastern.
  • We’ll also get some insight into one of the Fed’s dual mandates—price stability—with February’s consumer price index. Economists expect a 2.7% gain year over year.
  • And on Thursday we’ll get housing starts data for February. In the prior month we saw nearly 1.2 million units begin construction.