Wall Street opens lower as Broadcom warning hits tech stocks

Wall Street opens lower as Broadcom warning hits tech stocks

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 3, 2019. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks opened lower on Friday, weighed down by technology stocks, as the long-feared hit to global growth from President Donald Trump’s trade war crystallized in slashed sales forecast from chipmaker Broadcom.

The Dow Jones Industrial Average fell 30.41 points, or 0.12%, at the open to 26,076.36. The S&P 500 opened lower by 4.82 points, or 0.17%, at 2,886.82. The Nasdaq Composite dropped 29.94 points, or 0.38%, to 7,807.19 at the opening bell.

Reporting by Amy Caren Daniel in Bengaluru; Editing by Arun Koyyur

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