Schaeffer's Midday Market Check Broadcom blamed the Huawei export ban for its downwardly revised guidance
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| | | 6/14/2019 | |
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| Dreary Data, Tech Drive Stocks Lower | | By Karee Venema | | Stocks are trading modestly lower at midday, as traders digest a revenue warning from Apple supplier Broadcom (AVGO) -- which said full-year revenue will come in $2 billion below its previous estimate on U.S.-China trade headwinds -- and lower-than-expected readings on Chinese industrial output and retail sales for May. At last check, the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) were all headed for daily losses, though each index is set for a second straight weekly win. Continue reading for more on today's market, including: - Downgraded Transocean stock is selling off again.
- The Disney rival this analyst is buying.
- Plus, GE options bears eye single digits; and 2 of the Nasdaq's biggest movers.
| | >> Continue reading... | |
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