DJIA27146.98
LIVE36.18(0.13%)
NDX7888.56
LIVE-0.23(-0.00%)

Wall St. Lower as Tech Stocks Sell-Off on Huawei Fallout Worries


Monday, 20 May 2019 23:34 WIB

DOW JONESS & P 500Indeks NasdaqSahamAS


c_740_198_16777215_00_images_assets_USMARKET_techsektor.jpg

U.S. stocks fell on Monday, as Washington's crackdown on China's Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world’s two largest economies.

Apple Inc slumped 3.3%, weighing the most on the three main indexes and driving down the S&P 500 technology sector 1.27%, the biggest drop among the six S&P sectors trading lower.

U.S. suppliers of Huawei, including Qualcomm, Micron Technology and Broadcom Inc, fell between 3% and 5%, while the Philadelphia Semiconductor Index slid 2.9% to its lowest level in over two months.

At 11:13 a.m. ET, the Dow Jones Industrial Average was down 79.01 points, or 0.31%, at 25,684.99. The S&P 500 was down 11.90 points, or 0.42%, at 2,847.63 and the Nasdaq Composite was down 90.76 points, or 1.16%, at 7,725.53.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks finished Wednesday with losses, extending a sell-off to a third day as traders fret over the impact of protests on the city, while they are awaiting a key Federal Reserve policy decis...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.