--- title: "Nasdaq, S&P 500 Pivot Lower as More Weekly Losses Loom" type: "News" locale: "en" url: "https://longbridge.com/en/news/279069587.md" description: "The Dow Jones Industrial Average is struggling to maintain gains as the S&P 500 and Nasdaq Composite decline due to disappointing economic data. All major indexes are on track for a third consecutive weekly loss. LyondellBasell Industries sees unusual put options activity following a fire at its Texas site, while Micron Technology is up ahead of its earnings report. CF Industries is experiencing profit-taking after a record high, despite a price-target increase from Wells Fargo." datetime: "2026-03-13T15:57:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279069587.md) - [en](https://longbridge.com/en/news/279069587.md) - [zh-HK](https://longbridge.com/zh-HK/news/279069587.md) --- # Nasdaq, S&P 500 Pivot Lower as More Weekly Losses Loom The Dow Jones Industrial Average (DJI) was last seen clinging to gains, the blue-chip index paring a triple-digit pop from the morning. Oil prices are the culprit once more, with front-month crude now inching higher after opening lower. The S&P 500 (SPX) and Nasdaq Composite (IXIC) have firmly pivoted into the red, as traders assess **inflation data** for January, downwardly-revised GDP, and University of Michigan consumer sentiment that fell in March. For the week, all thee major indexes are headed for a third consecutive loss. - Ulta Beauty stock eyes **worst day** since 2024. - **AI delays** weigh on META. - Plus, bears target chemical stock; MU's pre-earning pop; and CF cools from record. Options bears are targeting **LyondellBasell Industries NV** **(NYSE:LYB)** stock today, with 20,000 puts traded so far -- volume that is 27 times the amount typically seen at this point -- compared to just 1,954 puts. The most active contract is the April 70 put, with new positions being bought to open. LYB was last seen down 2.3% to trade at $72.59, after the chemical manufacturer reported a fire at its Bayport, Texas site, though it has since been contained. Shares rose 10.3% yesterday on an upgrade from Citigroup to "buy" from "neutral," and are still trading within striking distance 52-week highs. So far in 2026, LYB has tacked on 66.8%. **Micron Technology Inc** **(NASDAQ:MU****)** stock is enjoying tailwinds ahead of the company's fiscal second-quarter earnings report, due out after the close on Wednesday, March 18. Shares are up 2.9% to trade at $417.06 at last check, but are struggling with overhead pressure at $440, which has capped rallies since their Jan. 30, all-time high of $455.50. Longer term, the **semiconductor stock** boasts an impressive 344.6% year-over-year lead. **CF Industries Holdings, Inc.** **(NYSE:CF)** stock is struggling with profit taking, on the other hand, down 4.7% to trade at $129.64 at last glance. The fertilizer name is brushing off a price-target hike from Wells Fargo to $150 from $113, as well Strait of Hormuz disruptions. CF has nearly halved yesterday's 13.2% pop that pushed it to a record high of $137.55, but is still 64.5% higher this year. ### Related Stocks - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [.NDXTMC.US](https://longbridge.com/en/quote/.NDXTMC.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [LYB.US](https://longbridge.com/en/quote/LYB.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [CF.US](https://longbridge.com/en/quote/CF.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) ## Related News & Research - [A Look At CF Industries (CF) Valuation After Ceasefire News Cools Fertilizer Supply Fears](https://longbridge.com/en/news/282391853.md) - [CF Industries' Shares Fell Nearly 10%. Is the Stock a Buy Now?](https://longbridge.com/en/news/282464071.md) - [LyondellBasell Industries N.V. $LYB Shares Bought by Howard Capital Management Inc.](https://longbridge.com/en/news/282441903.md) - [US April Philly Fed business index +26.7 vs +10.0 expected](https://longbridge.com/en/news/283000590.md) - [We're Precisely 1 Month Away From a Historic Shake-Up at the Federal Reserve -- and Wall Street Isn't Ready for It](https://longbridge.com/en/news/282808954.md)