U.S. stock-index futures fell, as shares of Intel Corp. declined amid concern about a slowdown in the semiconductor industry.
Novellus Systems Inc., a chip-equipment maker, dropped after saying Japanese demand may weaken.
Computer-chip makers may slow worldwide spending this year to $44.1 billion after additions to production last year resulted in excess capacity, according to a report today by market researcher ISuppli Corp.
The semiconductors did not manage to breakout to the upside yesterday and look set to fail today. I am watching the recent low in KLAC (near $47) to gauge the weakness.
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