Back to top

Stock Market Roundup, March 13: Nasdaq Leads Tuesday Losses

Read MoreHide Full Article

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 - Free Report) - +6.8%

Growth: Square Enix (SQNXF - Free Report) - +3.7%

Momentum: Golden Minerals (AUMN - Free Report) - +4.4%


Income: Macy’s (M - Free Report) - +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 - Free Report) buyout of Qualcomm (QCOM - Free Report) , could spell volatility for the technology sector.

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

German automotive giant Volkswagen (VLKAY - Free Report) 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 - Free Report) 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.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2018 today >>

More from Zacks Stocks in the News

You May Like