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Stock Market Today, March 20: Facebook Pounded Again
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Tuesday witnessed continued volatility in certain pockets of the technology sector, led by growing concerns about Facebook in the wake of the Cambridge Analytica scandal. Other social media companies like Twitter felt the selloff today. Nevertheless, major indexes held up and remained in the green as investors anticipate the results of the Fed’s ongoing meeting.
Spooked by the data breach news, social media giant Facebook was one of the worst-performing stocks on Wall Street in Monday’s trading session. This has sparked concerns over increased regulation for large tech companies, triggering a selloff in the hot and soaring technology corner of the broad stock market.
Shares of integration software maker MuleSoft soared more than 20% in early afternoon trading Tuesday after news reports suggested that it was in advanced talks to be acquired by cloud computing giant Salesforce (CRM - Free Report) .
Shares of Nvidia (NVDA - Free Report) climbed over 2.2% on Tuesday morning as investors begin to realize that the company's brand-new ray tracing technology is poised to alter the growing multibillion-dollar video gaming industry for good.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Stock Market Today, March 20: Facebook Pounded Again
Tuesday witnessed continued volatility in certain pockets of the technology sector, led by growing concerns about Facebook in the wake of the Cambridge Analytica scandal. Other social media companies like Twitter felt the selloff today. Nevertheless, major indexes held up and remained in the green as investors anticipate the results of the Fed’s ongoing meeting.
Major Indexes
Dow: 24,727.27 / +116.36 / +0.5%
Nasdaq: 7,364.30 / +20.06 / +0.3%
S&P 500: 2,716.94 / +4.02 / +0.2%
Zacks Rank #1 (Strong Buy) Top Movers
Value: Stoneridge (SRI - Free Report) - +16.6%
Growth: SRI
Momentum: SRI
VGM: SRI
Income: Dover (DOV - Free Report) - +4.0%
Top Headlines
5 Better Tech Picks If You Don't Like Facebook Now
Spooked by the data breach news, social media giant Facebook was one of the worst-performing stocks on Wall Street in Monday’s trading session. This has sparked concerns over increased regulation for large tech companies, triggering a selloff in the hot and soaring technology corner of the broad stock market.
What Is MuleSoft, and Why Does Salesforce Want to Buy It?
Shares of integration software maker MuleSoft soared more than 20% in early afternoon trading Tuesday after news reports suggested that it was in advanced talks to be acquired by cloud computing giant Salesforce (CRM - Free Report) .
Nvidia's Stock Pops on "Ray Tracing" Technology Reveal
Shares of Nvidia (NVDA - Free Report) climbed over 2.2% on Tuesday morning as investors begin to realize that the company's brand-new ray tracing technology is poised to alter the growing multibillion-dollar video gaming industry for good.
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>