Monday, 22 July 2019
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Stocks fall as chipmakers slide and China data disappoints
Friday, 14 June 2019 23:45 WIB | MARKET UPDATE |DOW JONES Standard & Poor's 500Saham AS

Stocks fell on Friday as investors digested a drop in semiconductor shares alongside weak data out of China.

The Dow Jones Industrial Average dipped 14 points as Intel and Apple lagged. The S&P 500 slipped 0.1% as the tech sector dropped 0.6%. The Nasdaq Composite slid 0.4%.

Chipmakers fell broadly after weak quarterly results from Broadcom. The VanEck Vectors Semiconductor ETF (SMH) fell 2.4%, led by a 6.3% drop on Broadcom. The chipmaker posted weaker-than-expected revenue for the previous quarter and cut its guidance for 2019, citing œbroad-based  demand weakness and the U.S. crackdown on Huawei.

Source: CNBC

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