Stocks fall on fresh concerns about trade

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NEW YORK (AP) Stocks were down at the close Friday amid more concerns about the business impact of the U.S.-China trade dispute.

Technology shares dropped after chipmaker Broadcom reduced its 2019 revenue forecast by $2 billion, citing U.S. restrictions on sales to Chinese technology firms and hesitation among customers to place new orders.

Broadcom shares fell 5.6 percent. Other chipmakers dropped as well.

Texas Instruments fell 3.5 percent.

Energy stocks dropped a day after leading the market higher.

The S&P 500 index dropped 4 points, or 0.2 percent, to 2,886.

The Dow Jones Industrial Average slipped 17 points, or 0.1 percent, to 26,089.

The Nasdaq fell 40 points, or 0.5 percent, to 7,796.

Despite a choppy week of trading, the major indexes are all up more than 4 percent for the month of June.