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

Monday, 20 May 2019 23:34 WIB DOW JONES S & P 500 Indeks Nasdaq SahamAS

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...

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