Wall Street Ends Down; Broadcom Warning Hits Chip Stocks.

Wall Street Ends Down; Broadcom Warning Hits Chip Stocks.

Saturday, June 15, 2019
The Dow Jones Industrial Average fell 17.16 points, or 0.07%, to 26,089.61, the S&P 500 lost 4.66 points, or 0.16%, to 2,886.98 and the Nasdaq Composite dropped 40.47 points, or 0.52%, to 7,796.66.

US stocks ended lower on Friday as investors were cautious going into next week’s Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to US-China trade worries.

Shares of Broadcom Inc fell 5.6% after it cut its full-year revenue forecast by $2 billion, blaming the US-China trade conflict and export curbs on Huawei Technologies Co Ltd.

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