US STOCKS-Wall St to open lower on Broadcom warning, Chinese gloom

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* Broadcom tumbles after warning chip demand slowdown
* China's May industrial output growth cools to 17-yr low
* Data shows U.S. retail sales rise in May
* Futures down: Dow 0.13%, S&P 0.22%, Nasdaq 0.70%

(Updates prices, adds comments)
By Shreyashi Sanyal
June 14 (Reuters) - Wall Street was set to drop at the open
on Friday, as the long-feared hit to global growth from
President Donald Trump's trade war crystallized in slashed sales
forecast from chipmaker Broadcom, and more signs of slowdown in
Chinese industry.
Shares of Broadcom Inc AVGO.O plunged 8.6% in premarket
trading after it cut its revenue forecast for 2019 by $2
billion, blaming the U.S.-China trade conflict and export curbs
on Huawei Technologies Co Ltd HWT.UL . Data from China showed industrial output growth in the
world's second largest economy slowed to a more than 17-year low
in May, sending a chill through stock market investors globally.
"Broadcom is definitely leading markets lower and that might
drive other chips lower as well. Some of it is also about the
U.S.-China trade war and the fight over Huawei," said Kim
Forrest, chief investment officer at Bokeh Capital Partners in
Pittsburgh.
"China was to be expected because tariffs are having an
effect on them and that's starting to show up."
At 8:41 a.m. ET, Dow e-minis 1YMc1 were down 33 points, or
0.13%. S&P 500 e-minis ESc1 were down 6.5 points, or 0.22% and
Nasdaq 100 e-minis NQc1 were down 52.5 points, or 0.7%.
The S&P 500 index .SPX has gained about 5% in June so far
on hopes the Federal Reserve will soon cut interest rates, a
stark contrast to the steady path of monetary tightening it was
on until the end of last year.
The dour forecast from Broadcom was one of the clearest
indications yet from the trade-sensitive tech sector of the
scale of pain companies can expect from Washington's stand-off
with China.
Semiconductors stocks, who both source product and sell
heavily in China, tumbled, with Intel Corp INTC.O , Advanced
Micro Devices Inc AMD.O and Micron Technology Inc MU.O down
between 2% and 3.2%. Shares of Apple Inc AAPL.O also slipped
1.2%.
A Fed meeting next week may provide the acid test of market
expectations that the U.S. central bank could cut rates as much
as three times this year, while a G20 summit at the end of the
month may yet yield more progress on a trade deal.
Data showed U.S. retail sales increased in May, although
slightly below expectations, suggesting a pick-up in consumer
spending that could ease fears the domestic economy was slowing
down sharply in the second quarter. In the latest salvo between the two sides, China said on
Friday it was raising anti-dumping duties on certain alloy-steel
seamless tubes and pipes from the United States and the European
Union by as much as 10 times.