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Wall Street opens lower as Broadcom's warning hit tech shares By Reuters

© Reuters. FILE PHOTO: Traders working on the NYSE floor in New York (Reuters) – US stocks opened lower on Friday, weighed down by technology stocks, as the long-feared fight against global growth by President Donald Trump's trade war crystallized in slashed sales forecast by chipmaker Broadcom ( NASDAQ :). Dropped 30.41 points, or 0.12%, open to 26,076.36. It opened …

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US stocks are trading lower on weak Chinese data, chip stocks

US Stocks are trading lower on Friday after Chinese industrial production in May was below expectations. Semiconductor stocks fall after Broadcom lowered its full-year revenue guidance, saying that US and China trading tensions and Huawei's export restrictions damaged the demand for chips I: DJI DOW JONES AVERAGES 26049.98 -56.79 [19659007] -0.22% Change 19659013] I: COMP NASDAQ COMPOSITE INDEX 7792.165028 -44.97 …

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Stock futures drop on Broadcom warning, Chinese gloom

By Shreyashi Sanyal (Reuters) – US stock index futures dropped on Friday, when the long-feared fight against global growth from President Trump's trade war crystallized into slashed sales forecasts by chipmaker Broadcom, and evidence of the worst downturn in Chinese industry for 17 years. Shares in Broadcom Inc declined by 9.8% in premarket trading, having reduced the revenue forecast for …

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