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.
More from Video
Amid the Selling, Here's the Big Question Now
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.