11:37 AM · 15 May 2020

BREAKING: Stocks drop as US restricts Huawei access to chip supply

The Commerce Department announced that it will amend foreign direct product rules to restrict Huawei from access to semiconductors made with US software. A 90-day extension was granted to Huawei but the Department warned that it will likely be the final one. US500 dropped 15 pts on the news while DE30 pulled back more than 50 pts so far.

Stocks dropped after the US Commerce Department issued a statement on Huawei. Source: xStation5

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Nasdaq 100 Up 1.7%

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