NEW YORK (Reuters) - U.S. stocks ended lower on Friday as investors were cautious going into next week’s Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.-China trade worries.
Shares of Broadcom Inc fell 5.6% after it cut its full-year revenue forecast by $2 billion, blaming the U.S.-China trade conflict and export curbs on Huawei Technologies Co Ltd.
Other chip companies, which both source product and sell heavily in China, dropped sharply. The Philadelphia Semiconductor index tumbled 2.6%.
Investors are ...
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