Wall St. slides as Huawei fallout hits tech shares

NEW YORK (Reuters) - U.S. stocks slid on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.

Since the White House added Huawei to a trade blacklist last week, several companies have suspended business with the world's largest telecom equipment maker. Alphabet Inc's Google has moved to stop providing Huawei with access to its proprietary apps and services, Reuters reported on Sunday. Mobile phone parts producer Lumentum Holdings Inc also announced that it has discontinued shipments to Huawei.

Other chipmakers, including Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc, will not supply the Chinese company until further notice, according to a Bloomberg report.