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Traders Waiting On The Fed, Airlines Soaring Higher in Midday Trading


U.S. Stocks are modestly higher as traders wait for the Fed minutes set to release at 2p.m.. Strong jobs data are leading some concerned a rate hike could happen sooner than expected. Garmin (GRMN) is one of the stocks making big moves in today's trading. Shares are down sharply after an analyst downgraded the stock. Pacific Crest Securities says GPS devices must now compete with smartphones that have similar navigation like the ones from Apple (AAPL), Google (GOOG)and Microsoft (MSFT). Airlines are getting a lift higher in today's session. American Airlines (AAL), Delta (DAL) and Southwest (LUV) are all gaining. TheStreet's Susannah Lee has the details.