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 “broad-based ” demand weakness and the U.S. crackdown on Huawei.