US STOCKS-Wall Street drops as Broadcom warning hits chip sector
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * Broadcom tumbles after warning of chip demand slowdown * Tech down most among 11 major S&P sectors; Chips slide * China's May industrial output growth cools to 17-yr low * Indexes down: Dow 0.38%, S&P 0.37%, Nasdaq 0.64% (Updates to open) June 14 (Reuters) - Wall Street's main indexes dropped on Friday, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in ...
Click
To Read Full Article