Apple, Broadcom keep Wall Street gains in check


Broadcom Inc, among the world’s biggest chipmakers, weighed on the tech-heavy Nasdaq with a 2.6% fall, after it said in results late on Thursday that demand for microchips had bottomed out and that a recovery was not yet on the cards. Technology stocks fell 0.6% and were the biggest drag among the 11 major S&P sectors. Apple fell 2.3% after Goldman Sachs cut its price target for the stock, citing concerns over its new Apple TV+ service.