Technology Shares Fall as Trump Blocks Deal -- Tech Roundup

Date : 03/13/2018 @ 9:05PM
Source : Dow Jones News
Stock : Qualcomm Incorporated (QCOM)
Quote : 74.72  0.0 (0.00%) @ 6:21AM
Qualcomm Incorporated share price Chart

Technology Shares Fall as Trump Blocks Deal -- Tech Roundup

Qualcomm Incorporated (NASDAQ:QCOM)
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1 Year : From Sep 2017 to Sep 2018

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Technology shares led the market lower after President Donald Trump blocked a big sector deal. Trump stopped Singapore-based Broadcom's $117 billion hostile offer for Qualcomm, quashing what would have been the biggest-ever tech deal, citing national-security concerns raised by China's growing strength in an array of advanced technologies. China makes up nearly two thirds of San Diego-based Qualcomm's revenue.

 
 

(END) Dow Jones Newswires

March 13, 2018 20:50 ET (00:50 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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