Stocks mostly closed lower on Friday, leaving weekly gains still intact, after shares of computer chip makers came under pressure due to US-China trade tensions. The S&P 500 SPX, -0.16% fell 0.2% to end around 2,887. The Dow Jones Industrial Average DJIA, -0.07% shed 17 points, or less than 0.1%, to finish near 26,090. The Nasdaq Composite COMP, -0.52% slipped 0.5% to end around 7,797. For the week, S&P was up 0.5%, the Dow was up 0.4% and the Nasdaq was up 0.7%. Broadcom Inc.
shares led the slump in tech stocks on Friday after the semiconductor manufacturer lowered its guidance for the rest of the year on late Thursday. Broadcom's stock tumbled 5.4%. Still, key equity benchmarks were propped up by expectations for the Federal Reserve to signal its plans to cut rates in the near-future at next week's meeting. In other company news, Chewy Inc. shares CHWY, +59.05% rose 63% after its debut IPO in the New York Stock Exchange.
Likely due to pre-options-X Quad witching roll-out
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