Shares of Qualcomm fell 1.5% while Xilinx declined 2.3%.
The Dow Jones Industrial Common dropped 390 aspects, or 1.5%, to 25,385. The index is now on track to post its worst monthly decline of the year.
Declining issues outnumbered advancers for a 4.40-to-1 ratio on the NYSE and a 4.75-to-1 ratio on the Nasdaq. Investors sought safety in the bond market and the yield on the 10-year Treasury dropped to 2.33 percent, the lowest level in more than a year. That helped offset renewed trade jitters amid reports that Washington is set to impose restrictions on other major Chinese tech companies. Instead, the US moved to increase tariffs on Chinese goods, prompting China to reciprocate. Apple fell 2% and Microsoft fell 1.4%.
"Business between the USA and China is not going to be what it was two months ago", said Jim Awad, senior managing director at Clearstead Advisors in NY.
Chip stocks led the declines in the broader tech sector on reports the White House is considering banning as many as five Chinese companies, including video surveillance equipment Hikvision, as part of a move to curb Beijing's access to USA intellectual property, Bloomberg reported, citing people familiar with the matter.
With more than 20 years' trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa.
Stacey Solomon and Joe Swash announce baby news
Teasing when the panels and fans of Stacey would find out the name of her son, Jemma explained: "I don't know the name". Stacey's sister Jemma replied that she couldn't wait to meet her nephew, while Ashley Roberts also commented: "Ahhhhh.
The June gold contract was up US$11.20 at US$1,285.40 an ounce and the July copper contract was up 0.25 of a cent at US$2.68 a pound. Lower yields mean lower interest rates on loans, which makes lending less profitable.
Exxon Mobil fell 2.3% and Chevron gave up 2.2%, part of a broad slump in energy sector stocks as the price of USA fell sharply. Benchmark U.S. crude plunged 5.7% to settle at $57.91 a barrel. It's down 7.8% for the week. Brent crude, the global standard, added 82 cents to $68.58 per barrel. Utilities and real estate were the only sectors showing gains.
BRAZIL CALLING: Avon shares soared 6.9% after Brazilian cosmetics maker Natura announced that it is buying the beauty products company for $3.7 billion in stock. Natura also now owns retail stores like The Body Shop.
ENTICING PROFIT: Victoria's Secret owner L Brands surged 11.6% after blowing away Wall Street's first quarter earnings forecasts.
Wholesale gasoline added 1.1% to $1.93 per gallon. Heating oil gained 0.5% to $1.97 per gallon.
USA initial jobless claims, a rough way to measure layoffs, stood at 211,000 in the week ending May 18, a decrease of 1,000 from the previous week's unrevised level, the Labor Department reported.
The dollar fell to 109.33 Japanese yen from 109.49 yen on Thursday.
ByteDance will also have to face tough competition against local leaders such as - Gaana , JioSavaan, Wynk, Hungama . Recently, the company appointed Sameer Singh CEO of GoupM as Vice President of Monetisation in India.
Une explosion a retentit peu avant 18h ce vendredi 24 mai, au niveau du 15-16 rue Victor Hugo, faisant 8 blessés. Un premier bilan officiellement fourni par les autorités locales faisait état de " huit blessés légers ".
Dark Phoenix also stars Tye Sheridan, Alexandra Shipp, Kodi Smit-McPhee, Evan Peters, and Jessica Chastain . Dark Phoenix is the sequel to X-Men: Apocalypse and the seventh installment in the X-Men film series.
Raymond James Financial Services Advisors Inc. boosted its holdings in Royal Bank of Canada by 1.8% during the first quarter. JPMorgan Chase & Co. boosted its holdings in Canadian Imperial Bank of Commerce by 84.4% during the third quarter.
Son dernier jeu fut à l'image de son match, clinique: service gagnant, ace, revers croisé après service, et ace (le 10e). Pendant le match, Shapovalov a concédé deux bris en trois tentatives et en a inscrit un seul en cinq opportunités.
La société Arun Trek, qui organisait son expédition, met en cause l'encombrement au sommet , qui aurait retardé sa descente. La première, Kalpana Das, 52 ans, est décédée jeudi après-midi tandis qu'elle redescendait après avoir atteint le sommet.
Nouveau maillot domicile et nouveau logo — FC Nantes
Bien qu'"attaché à l'actuel", le capitaine Valentin Rongier a déclaré en conférence de presse trouver le nouveau logo "beau". Les supporters du FC Nantes sont mécontents du nouveau maillot et du nouveau logo dévoilés par le club.
Man convicted in Closs homicides, kidnapping to be sentenced
Authorities also dismiss a tip placing Jayme's whereabouts in Miami as "not credible", and say they believe the girl is in danger. Twenty-one-year-old Jake Patterson pleaded guilty in March to two counts of intentional homicide and one count of kidnapping.
Audi TT is dead, electric successor inbound
We'll just have to wait and see as to what kind of "emotive" electrified sports cars Audi might unveil in the near future. It plans to replace this sports vehicle with a similarly sized EV.