Fed's Powell knocks stocks, signals rate hikes coming

A three day winning streak is over as new Fed Chair Powell knocks stocks lower. Plus – earnings from Square, Etsy, and Pappa Johns – we’ll have them live. And – media wars heating up with Comcast crashing the party. We sort out the winners and losers. Plus – usually everything the Oracle touches turns to gold. But there’s one deal he can’t seem to close. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland, and reporter Dan Roberts.

Winners and losers

Stocks in the red include Fitbit The wearable fitness device maker missed on both the top and bottom lines, and issued a weak forecast, AutoZone as the auto parts retailer posted a wide earnings miss, and AmerisourceBergen – shares slipping on a CNBC report claiming deal talks have cooled between Walgreens and Amerisource, a wholesale drug distributor.

Stocks in the green include Palo Alto Networks as the cybersecurity firm reported an earnings and revenue beat, citing rising sales of its firewall protection software, Chipotle as Baird upgrades shares to ‘outperform’ citing an improving” longer-term framework” and its new CEO, and Macy’s – shares getting a lift here as the department store operator reported an earnings beat, and same-store sales that rose 1.3%.