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Tech weighs on Wall Street as virus cases mount

By Medha Singh (Reuters) – U.S. shares have been set to fall for the second straight day on Friday as friction between United States and China and fears over rising U.S. COVID-19 cases dampened demand for dangerous belongings By Medha Singh (Reuters) – U.S. shares have been set to fall for the second straight day on Friday as friction between United States and China and fears over rising U.S. COVID-19 cases dampened demand for dangerous belongings. Shares of Intel Corp tumbled 16%, weighing essentially the most on all three indexes after the corporate mentioned it was six months not on time in creating next-generation, power-efficient chip expertise and that it could think about farming out extra work to outdoors semiconductor foundries. Rival Superior Micro Gadgets Inc gained 14.6%, however the broader Philadelphia semiconductor index <.sox> dropped 1.1%. Shares of U.S. drugmakers fell forward of govt orders by President Donald Trump aimed t