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Markets Right Now: Stocks open lower as chipmakers fall


Added 05-20-19 10:04:02am EST - “The latest on developments in financial markets (all times local): 9:35 a.m.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Markets Right Now: Stocks open lower as chipmakers fall”. Below is an excerpt from the article.

A sell-off in shares of chipmakers is pushing U.S. stocks lower as Wall Street begins trading Monday.

Companies are taking steps to comply with the Trump administration's decision to restrict technology sales to Chinese telecom giant Huawei. About one-third of Huawei's suppliers are American chipmakers, including Qualcomm and Broadcom.

Sprint shares spiked 25.6% after the chairman of the Federal Communications Commission said he will approve its merger with T-Mobile. Shares of T-Mobile gained 5.8%

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