Broadcom's ugly outlook could weigh on markets today
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| | | 6/14/2019 | |
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| Stock Futures Fall on Semiconductor Headwinds | | By Josh Selway | | Stocks are set for a weak open this morning, with futures on the Dow Jones Industrial Average (DJI) trading modestly below fair value. Traders continue to monitor tensions between the U.S. and Iran, though oil prices are giving back some of yesterday's gains, with July-dated crude futures down 0.2% at $52.16 per barrel. Meanwhile, semiconductor stocks are pacing for a rocky session, after Broadcom (AVGO) gave an ugly outlook for the sector in its earnings release last evening, dramatically cutting its full-year forecast in the process. This is pressuring futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX), as well. Continue reading for more on today's market, including: | | >> Continue reading... | |
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