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 (NYSE:VRTV) - +6.8%

Growth: Square (NYSE:SQ) Enix SQNXF - +3.7%

Momentum: Golden Minerals (NYSE:AUMN) - +4.4%

VGM: VRTV

Income: Macy’s (NYSE: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 (NASDAQ:AVGO) buyout of Qualcomm (NASDAQ:QCOM) , could spell volatility for the technology sector.

Tesla (NASDAQ:TSLA) Bulls Beware: Volkswagen (DE:VOWG_p) Wants to Be the Electric Car King

German automotive giant Volkswagen (OTC: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 (NYSE: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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