Applied Materials, Inc. (AMAT) Financial News - Tech Stocks: Techs slide in broad selloff
Applied Materials, Inc. (AMAT)
Tech Stocks: Techs slide in broad selloff
Keywords: Markets|U.S. & Canada, KLAC, KLA-Tencor Corp., LRCX, Lam Research Corp., ASML, ASML Holding N.V., NVLS, Novellus Systems Inc., AMAT, Applied Materials Inc., AMAT, Applied Materials Inc., SOX, PHLX Semiconductor Index, COMP, NASDAQ Composite Index, MSHQuote: On the other hand, Novellus lost 0.6% to end at $35.77, ASML slipped 1.4% at $36.93 and Applied Materials Inc./quotes/zigman/19895/quotes/nls/amatAMAT-0.92%/quotes/zigman/19895/quotes/nls/amatAMAT-0.92%fell about 1% at $12.98.The Philadelphia Semiconductor Index/quotes/zigman/1468249SOX-1.71%Â was down 1.7%.The rest of the sector was also in negative territory, with the Nasdaq Composite Index/quotes/zigman/123127COMP-2.00%Â off 2% to close at 2,803, while Morgan Stanley High Tech 35 Index/quotes/zigman/1468957MSH-2.17%Â lost 2.2%.The Dow Jones Industrial Average/quotes/zigman/627449/delayedDJIA-1.20%Â was down 151 points.Among the major decliners were Hewlett-Packard Co./quotes/zigman/229301/quotes/nls/hpqHPQ-3.13%, Cisco Systems Inc./quotes/zigman/20039/quotes/nls/cscoCSCO-1.97%Â and Oracle Corp./quotes/zigman/76584/quotes/nls/orclORCL-2.18%Benjamin Pimentel is a MarketWatch reporter based in San Francisco.
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