Analyst: This Airline Stock Could Nosedive

Google was among the U.S. companies to cut ties with Huawei

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Market Recap
 
 

5/20/2019

New passive income investment revealed: Your Intro Guide to Earning Income on Technology in a New Way


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Chip Stocks Sink Nasdaq Amid Huawei Drama

By Lillian Currens

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The Dow continued its journey lower today, as tech stocks sold off. Of note, several chipmakers took a beating, as Google parent Alphabet (GOOGL) and a handful of U.S. semiconductor makers cut ties with Huawei, following President Donald Trump's recent blacklist of the Chinese firm. This, as hopes for a trade deal between the U.S. and China dimmed last week on reports that negotiations have stalled. Against this backdrop, the S&P finished lower, and the tech-rich Nasdaq took the biggest hit.

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