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Tech sector tumbles after the Broadcom-Qualcomm deal is blocked

“The blocking of Broadcom’s proposed takeover of Qualcomm dragged the entire tech sector lower Tuesday” writes unknown author for The S&P 500 technology sector shed more than a percent in midday trading, the sector’s biggest drop since March 1. It’s not the death of the specific deal that sent stocks lower, they say — shares of Qualcomm held positive for some of the day even while the rest of the sector turned red — but rather the implications of the president’s heavy hand that sent stocks tumbling.

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