Stocks remained slightly higher after a solid jobs report backed confidence in the U.S. economic recovery. Those job gains only reinforced chances of a rate hike when the Fed convenes next week. Southwest Airlines (LUV) moved lower after guiding for a 2% to 3% decline in operating unit revenue over its first quarter, blaming "unexpected softness" in the back half of last month. The airline previously targeted revenue flat to down 1%. Vail Resorts (MTN) surged after blowing past second-quarter earnings estimates thanks to an increase in ticket prices. Sales rose 21% over the quarter, beating consensus. Ulta Beauty (ULTA) also exceeded quarterly estimates, though issued softer current-quarter guidance. The beauty products retailer has consistently surpassed earnings expectations.
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