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Stock Market Roundup, March 13: Nasdaq Leads Tuesday Losses

BancorpSouth (BXS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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%

VGM: VRTV

Income: Macy’s M - +3.5%

Major Indexes

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

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

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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.

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

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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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