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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.
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.
German automotive giant Volkswagen 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.
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_McQueeneyon 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.
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Stock Market Roundup, March 13: Nasdaq Leads Tuesday Losses
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 - +6.8%
Growth: Square Enix (SQNXF - Free Report) - +3.7%
Momentum: Golden Minerals (AUMN - Free Report) - +4.4%
VGM: VRTV
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 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 >>