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Broadcom Corporation stock price
Broadcom Corporation latest news:
Chip maker stocks drop sharply, drag on broader tech sector
Semiconductor makers weighed heavily on the tech sector Monday, which in turn helped drag down the broader stock market, with those losses accelerating around mid-session. The PHLX Semiconductor Index fell 2.1% to 1,096, as shares of Qualcomm Inc. fell 3.9% and shares of Nvidia Corp. dropped 3.5%. Advanced Micro Devices Inc. shares declined 3.6%, Micron Technology Inc. shares shed 2.7%, Applied Materials Inc. fell 2.5%, Analog Devices Inc. shares fell 2.7%, Xilinx Inc. shares declined 2.6%, Broadcom Ltd. shares slid 2.1%, and Texas Instruments Inc. shares fell 1.5%. Shares of Intel Corp. , however, were only down 0.4%. As the S&P 500 index fell 1.2%, tech was the index's second worst performing sector, down 1.6%. The tech-heavy Nasdaq Composite Index fell 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 1-Broadcom wins U.S. antitrust consent to buy Brocade -FTC
WASHINGTON, July 3 (Reuters) - Chipmaker Broadcom Limited
has won U.S. antitrust approval to buy Brocade
Communications Systems, the Federal Trade Commission
said on Monday.
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