Video Credit: Wochit Business - Duration: 00:50s - Published < > Embed
Wall Street Drops
Ding to Reuters, U.S. stocks dropped on Friday, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in industrial growth in 17 years.
Shares of Broadcom Inc fell 6.53% 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.
Shares of Apple Inc also slipped 1% and weighed the most on the three main indexes.
Happy Fed decision day! Jim Cramer takes a look at whether or not Jerome Powell's job is safe, Adobe's earnings and whether or not we're truly in the 'golden age of creativity' as Adobe's CEO claims,..