In response to demonstrations at factories in Zhengzhou last month, The Wall Street Journal reports that Apple AAPL is moving part of its production out of China.
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A slowdown in cloud spending and business storage, as well as probable production cuts by key client Apple AAPL, may make Broadcom's AVGO projection for the upcoming fiscal year less optimistic, analysts at Oppenheimer wrote in a note on Friday.
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Wall Street gave up gains earned earlier in the day on Thursday as a decline in Salesforce shares dragged the Dow down as data suggesting a small reduction in inflation and strong consumer spending were obscured by a decline in manufacturing activity last month.
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Heavyweight growth stocks helped the Nasdaq rise on Wednesday, while the Dow and S&P 500 declined as attention turned to remarks from Federal Reserve Chair Jerome Powell later in the day.
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On Tuesday, US stocks largely declined as inflation predictions increased and consumer confidence decreased.
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As Wall Street searches for triggers in the wake of the choppy trading that dominated last week's holiday-shortened action, stocks displayed some slight weakness in Monday's premarket trade. Here are a few stocks to keep an eye on on Monday:
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Before the opening of trade on Friday, stocks lacked direction as Wall Street got ready for a shorter session following the Thanksgiving holiday. Here are a few stocks to keep an eye on on Friday:
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