Dow Closes Lower as Applied Materials Leads Semiconductor Selloff
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4 Articles
Applied Materials was one of the losers on the New York stock exchanges on Friday. The largest manufacturer of chip equipment in the United States, which holds a stake in the Dutch chip supplier Besi, posted record revenue last quarter. The company also became more optimistic about full-year sales.
Dow closes lower as Applied Materials leads semiconductor selloff
US stocks ended lower on Friday as investors locked in profits following a record-setting rally, while weaker-than-expected retail sales data and renewed pressure on semiconductor shares weighed on sentiment. The S&P 500 fell 0.2% to close at 7,785.76 after setting fresh record highs earlier in the week. The Nasdaq Composite also declined 0.3% to 26,729.16, while the Dow Jones Industrial Average lost about 108 points, or 0.2%, to finish at 53,73…
The leading index Dow Jones Industrial recently recorded a close increase at 53,855 points.
U.S. references go down after record closure for the S&P 500 yesterday, in a session driven by technology values.
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