Stocks waver as Fed signals rate hike coming

The FOMC talks and the market listens. Is that rate hike coming soon, or is the Fed’s bark worse than its bite? Catch The Final Round with Alexis Christoforous and Yahoo Finance editor-in-chief Andy Serwer.

Winners and losers

Stocks in the red today include Twitter on disappointing revenue guidance, Deutsche Bank as profit falls 98%, as the German bank says more cost cutting is coming, and Coke. The world’s largest beverage company fizzled following a revenue miss, claiming international headwinds were worse than expected.

Stocks with the green arrows today include Boeing, as the world’s largest aerospace company’s full- year outlook was above Street estimates, GPS and wearable maker Garmin popping on a strong revenue beat and lifted forecast, and chip maker Linear Technology surging after being bought by rival Analog Devices in a deal worth $14.8 billion.

Michael Cox on the Fed’s next move

For more on the Fed and today’s statement, joining The Final Round is Michael Cox, former chief economist and senior VP at the Dallas Fed and currently Executive in Residence at the SMU Cox School of Business.

Looking ahead

• We’ll get initial jobless claims for last week. The Street’s expecting around 264,000 new claims.

• We’ll get huge earnings reports from Ford, Colgate-Palmolive, Amazon.com and Google parent Alphabet—which we will have for you live tomorrow after the closing bell.

• Finally, the 98th US PGA Championship tees off tomorrow morning from Baltusrol Golf Club in Springfield, New Jersey. World No. 1 and defending champion Jason Day tees off at 8:30 a.m. ET, part of a trio with Phil Mickelson and Rory McIlroy. US Open victor Dustin Johnson and British open champ Henrik Stenson tee off later in the day with Danny Willett, winner of this year’s Masters tournament.