U.S. stock futures were lower on Friday as investors digested a drop in semiconductor shares alongside weak data out of China
Futures for the Dow Jones Industrial Average sank 38 points, or 0.2%, to 26,084.
Futures for the S&P 500 lost seven points, or 0.2%, at 2,891.50.
NASDAQ futures slipped 49 points, or 0.7%, to 7,502.75
Chipmakers fell broadly after weak quarterly results from Broadcom, which suffered a 9.6%, plunge. The chipmaker posted weaker-than-expected revenue for the previous quarter and cut its guidance for 2019, citing “broad-based ” demand weakness and the U.S. crackdown on Huawei.
Other semiconductor stocks also fell. Micron Technology, Advanced Micro Technology and Applied Materials all traded down more than 2.5%.
U.S. data also looms, with traders looking out for upcoming retail sales and industrial production data for May, as well as the consumer sentiment index for June.
Overseas, the Nikkei 225 gained 0.4% Friday, while in Hong Kong, the Hang Seng index backpedaled 0.7%
Oil prices slumped 16 cents to $52.12 U.S. a barrel.
Gold prices gained $14.20 to $1,357.90 U.S. an ounce.
