Stock Market Roundup, March 13: Nasdaq Leads Tuesday Losses

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After a strong February CPI helped stocks open higher on Tuesday, the major U.S. indexes slumped into the red throughout the day, with the tech-heavy Nasdaq recording the day's biggest losses. More political turmoil, including the blockage of the Broadcom-Qualcomm merger and the firing of Secretary of State Rex Tillerson, appeared to inspire intraday volatility.

Zacks Rank #1 (Strong Buy) Top Movers

Value: Veritiv VRTV - +6.8%

Growth: Square Enix SQNXF - +3.7%

Momentum: Golden Minerals AUMN - +4.4%


Income: Macy's M - +3.5%

Major Indexes

Dow: 25,017.77 / -160.84 / -0.6%

Nasdaq: 7,511.01 / -77.31 / -1.0%

S&P 500: 2,765.30 / -17.72 / -0.6%

Top Headlines

Broadcom Deal Blocked, Tillerson Fired: Are Tech Stocks In Trouble?

Washington's latest moves, including Tillerson's departure and the rejection of the Broadcom's AVGO buyout of Qualcomm QCOM , could spell volatility for the technology sector.

Tesla Bulls Beware: Volkswagen Wants to Be the Electric Car King

German automotive giant Volkswagen VLKAY detailed its plans on Tuesday to become one of the biggest producers of electric vehicles, vowing to ramp up production and bolster its EV-capable plants all over the world.

United Lifts Guidance: Is It Time to Buy Airline Stocks?

Shares of United UAL climbed on Tuesday after the company announced that it upped its unit revenue guidance for the first quarter and provided strong full-year earnings guidance.

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United Continental Holdings, Inc. (UAL): Free Stock Analysis Report

QUALCOMM Incorporated (QCOM): Free Stock Analysis Report

Volkswagen AG (VLKAY): Free Stock Analysis Report

Broadcom Limited (AVGO): Free Stock Analysis Report

Golden Minerals Company (AUMN): Free Stock Analysis Report

Veritiv Corporation (VRTV): Free Stock Analysis Report

Macy's Inc (M): Free Stock Analysis Report

Square Enix Holdings Co., Ltd. (SQNXF): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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