Tech Stock with Huawei Ties Gets Crushed

Meanwhile, an options trader seems to be betting on a huge pullback for one blue chip

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MIDDAY MARKET CHECK     5/20/2019
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Stocks Stay Down on Tech Turbulence By Josh Selway Share On U.S. stocks are trading in the red today, as the tech sector swoons on Huawei headwinds. Semiconductor shares continue to see some of the sharpest losses, sending the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) lower with the Dow Jones Industrial Average (DJI). Meanwhile, oil prices are on the rise after the Organization of the Petroleum Exporting Countries (OPEC) suggested over the weekend it would maintain production cuts, with U.S.-Iran tensions also providing tailwinds to prices. June-dated crude futures were last seen up 0.8% at $63.26 per barrel. Continue reading for more on today's market, including:  Analysts see "compelling growth" for young cloud stock. Tech stock eyes worst month ever on Huawei fallout. Plus, a huge put trade on Coca-Cola and three stocks moving big on M&A news. >> Continue reading...
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