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MARKETS LIVE BLOG:

STOCKS RISE AS DOW EYES GAIN FOR 8TH STRAIGHT SESSION

U.S. consumer sentiment tumbles in May as inflation, interest rate worries take hold

Chipmaker stocks plunge on report that companies are dropping business with big customer Huawei

Yun Li

Shares of chip suppliers are under pressure after the Trump administration's restrictions on doing business with Huawei. Google has suspended business activity with the Chinese giant. Other Huawei suppliers, including Qualcomm, Broadcomm and Intel, reportedly told employees they will not sell to the Chinese firm until further notice.

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