Stocks pare gains as Fed hints at more rate hikes

Stocks give back gains following the Fed’s latest statement on interest rates. Plus – big earnings on the way with Facebook and Microsoft – we’ll have them for you. And – Boeing’s soaring – lifting the Dow like it did all last year. And the planemaker has new, aggressive goal. Plus – Danielle DiMartino Booth is here to break down the latest Fed statement, and what’s next for rates, and the dollar.

Winners and losers

Stocks in the red today include Juniper networks as the networking equipment maker reported current quarter guidance that missed the mark, Eli Lilly despite an earnings beat as its animal health revenues declines, and Wynn Resorts – shares sinking as the Nevada regulators are now conducting an investigation into misconduct allegations against CEO Steve Wynn.

Amazon as chatter about a stock split increases on reports GE could be on its way out of the Dow, AMD as the chipmaker beat on earnings and revenue, and also offered a current quarter sales forecast that topped estimates, and Square – shares of the payments company up as it launched bitcoin trading for most users.