U.S. stock index futures dropped on Friday, as the long-feared hit to global gro...
- U.S. stock index futures dropped on Friday, as the long-feared hit to global growth from President Trump’s trade war crystallized in slashed sales forecasts from chipmaker Broadcom, and signs of the worst slowdown in Chinese industry in 17 years.
Data from China showed industrial output growth in the world’s second largest economy slowed to a more than 17-year low in May, sending a chill through stock market investors globally. The Broadcom news was one of the clearest indications yet from the trade-sensitive tech sector of the scale of pain companies can expect from Washington’s stand-off with China.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Broadcom stock plunge triggers broad selloff in chipsShares of semiconductor makers suffered in broad selloff in premarket trade Friday, after Broadcom Inc.'s mixed fiscal second-quarter results and lowered...
Read more »
Chipmakers drive European shares lower after Broadcom shockTechnology shares pushed European stock markets lower on Friday after U.S. chipm...
Read more »
CrowdStrike stock soars more than 80% after IPOShares of CrowdStrike Holdings Inc. jumped nearly 87% on Wednesday morning as the cybersecurity stock made its trading debut. The first trade was executed at...
Read more »
Mattel shares jump 8% on reports of rejected merger offerMattel Inc. stock jumped almost 8% in early Wednesday trading after reports that the toy company turned down a merger offer from MGA Entertainment Inc., the...
Read more »
DryShips' stock soars after receipt of buyout proposal by company controlled by CEO George EconomouShares of DryShips Inc. rocketed 26% in active premarket trade Thursday, after the cargo ship operator said it received a buyout proposal from SPII Holdings...
Read more »