By WSJ Staff
Shares in Applied Materials $(AMAT)$ sank after the semiconductor-equipment company issued a lower-than-expected sales outlook, citing weaker demand trends in China.
-- The stock recently traded about 7.2% lower, putting Applied Materials on course for its lowest close in nine months, according to Dow Jones Market Data.
-- It was the worst performer in the S&P 500.
-- Peers such as ASML, KLA and Lam Research declined.
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(END) Dow Jones Newswires
November 15, 2024 10:14 ET (15:14 GMT)
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