Stock Market Update
13-Oct-26 13:35 ET
Applied Materials sharply lower
Dow -167.28
at 51683.48,
Nasdaq -71.96
at 27194.38,
S&P -7.55
at 7799.76
[BRIEFING.COM] Despite a relatively busy morning of earnings and corporate news items, stocks have had a fairly quiet session, keeping the major averages modestly lower early in the afternoon.
Applied Materials (AMAT 457.02, -40.51, -8.14%), however, is one of the worst-performing S&P 500 components after the company outlined ambitious long-term growth targets, including plans to double revenue over the next five years and expand its manufacturing and R&D capacity through 2030 to capitalize on AI-driven semiconductor demand.
