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Tech stocks pull Wall Street lower after China data


By Medha Singh(Reuters) - Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China's exports in December reignited worries of a slowdown in global economic growth.The China trade data reinforced concerns that U.S. tariffs on Chinese goods were taking a toll on the world's second-largest economy, prompting companies such as Apple Inc to issue profit warning.Chipmakers, which get a sizable portion of their revenue from China, took a hit, with the Philadelphia SE semiconductor index down 1.01 percent. Trade-sensitive Boeing Co and Caterpillar Inc also ...

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First Published: Mon, January 14 2019. 23:45 IST