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US STOCKS SNAPSHOT-Futures fall on U.S. plan to cut Huawei off from global chip suppliers

Published 15/05/2020, 12:34
© Reuters.
QCOM
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MU
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TXN
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May 15 (Reuters) - U.S. stock index futures turned lower on
Friday as the Trump administration moved to block shipments of
semiconductors to China's Huawei Technologies from global
chipmakers, an action that could ramp up trade tensions between
Washington and Beijing.
Chipmakers Qualcomm Inc QCOM.O , Micron Technology Inc
MU.O and Texas Instruments Inc TXN.O fell between 2.7% and
3.1% premarket. At 7:18 a.m. ET, Dow e-minis 1YMcv1 were down 162 points,
or 0.69%. S&P 500 e-minis EScv1 were down 19.5 points, or
0.68% and Nasdaq 100 e-minis NQcv1 were down 60.5 points, or
0.67%.

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