This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Applied Materials Inc. shed 10.0% to $650.91 on what proved to be an all-around grim trading session for the stock market, with the Dow Jones Industrial Average remaining mostly unchanged at 52,305.24 and the S&P 500 Index falling 0.2% to 7,483.23.
The stock's fall snapped a two-day winning streak.
Applied Materials Inc. closed 12.0% short of its 52-week high of $739.67, which the company reached on June 30th.
The stock underperformed when compared to some of its peers, as Broadcom Inc. fell 2.2% to $369.34, Qualcomm Inc. fell 1.6% to $181.92, and Advanced Micro Devices Inc. fell 6.89% to $540.88.
Trading volume totaled 15.8 million, compared to the 50-day average of 9.3 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
July 01, 2026 16:33 ET (20:33 GMT)
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