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US stock futures point lower on weak Chinese data, chip shares


Added 06-14-19 08:04:02am EST - “Semiconductor stocks are falling premarket after Broadcom lowered its full-year revenue guidance.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “US stock futures point lower on weak Chinese data, chip shares”. Below is an excerpt from the article.

National Retail Federation SVP David French discusses why President Trump should drop his tariffs on China.

U.S. equity futures are trading lower this morning after Chinese industrial output for May came in below expectations.

Semiconductor stocks are falling premarket after Broadcom lowered its full-year revenue guidance, saying U.S.-China trade tensions and export restrictions on Huawei were hurting demand for chips.

Dow Jones futures were lower by 0.2 percent, S&P 500 futures slipped  0.3 percent and Nasdaq futures were off by  0.8 percent.

Chinese industrial production was up 5.5 percent year over year, the slowest pace of growth in 17 years, and another sign that trade tensions are hurting growth.

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