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XLB News30 articles
Dow Plummets Amid Oil Spike, Dovish Fed Hopes Dim
The Dow Jones Industrial Average fell sharply Thursday, losing 428 points as surging oil prices and a less accommodative Federal Reserve outlook rattled investors.
Cleveland-Cliffs Leads Steel Sector Lower Amid Auto Demand Woes
Cleveland-Cliffs shares dropped over 5% on Friday, the steepest decline among major U.S. steel producers, as the sector faced pressure from weak automotive demand and a broader market selloff.
TSX Closed for Holiday, Investors Eye Oil, Gold, and Key CPI Data Ahead of Reopening
The Toronto Stock Exchange is closed Monday for Family Day, with trading set to resume Tuesday. Investors are monitoring commodity price shifts and awaiting key Canadian inflation data.
Materials Sector Gains on Inflation Data, Steel Slumps on Tariff Fears
The materials sector advanced Friday as a cooler inflation reading boosted sentiment, though steel and aluminum stocks retreated amid renewed tariff concerns. Copper prices held firm despite a significant build in exchange inventories.
Materials Sector Gains Amid Tariff Uncertainty, Gold Jumps
The materials sector advanced Friday despite pressure on steel producers from tariff speculation, while gold rallied sharply on renewed rate cut hopes.
Materials Sector Surges as Investors Eye Key Economic Data
Basic materials stocks rallied sharply Friday, led by metals and mining shares, as traders rotated into cyclical sectors ahead of critical U.S. jobs and inflation reports.
Materials Sector Rallies as Copper Hits $5.88, Eyes on Jobs and CPI Data
The materials sector surged Friday, led by miners, with copper rising to $5.88 per pound. Investors now await key labor and inflation reports next week that could impact commodity prices.
MP Materials Gains Strategic Momentum with GM, Apple Deals Amid Rare Earth Push
MP Materials is set to supply rare-earth magnets to General Motors this year and Apple in 2027, supported by U.S. government contracts and a strategic push to diversify supply chains away from China.
Applied Materials and Micron Forge AI Memory Alliance at $5B EPIC Center
Applied Materials and Micron Technology announced a strategic collaboration to advance memory solutions for artificial intelligence systems. The partnership will leverage Applied's upcoming $5 billion EPIC research center.
Applied Materials Recovers as Chipmakers Demand Timely Tool Deliveries
Applied Materials shares recovered 1.9% Wednesday, partially offsetting a 5.6% decline from the prior session. A company executive noted chipmakers are pressing for on-schedule equipment deliveries amid strong demand.
Applied Materials Shares Dip Slightly in Extended Trading as Investors Await Key Updates
Applied Materials shares declined 0.1% to $372.18 in after-hours trading Monday. Investors are looking ahead to management presentations scheduled for March 10 for insights on chip equipment spending trends.
Applied Materials Shares Dip Slightly in Extended Trading
Applied Materials stock declined marginally in after-hours trading Monday, with investors focused on upcoming executive appearances and key industry dynamics.
Applied Materials Retreats from Highs Amid Insider Sale and Sector Pressure
Applied Materials shares fell 0.91% to $372.30 Friday, retreating from a recent peak near $396. The drop followed an insider sale and a sector-wide decline driven by inflation data and Nvidia's earnings aftermath.
Applied Materials Retreats from Record High Amid AI Sector Pullback
Applied Materials shares dropped 5.45% to $373.43 on Thursday, retreating from a 52-week high. The decline followed broader weakness in semiconductor and artificial intelligence stocks.
Applied Materials Posts Modest Gain Despite Legal Charge; Nvidia Results Loom
Applied Materials shares advanced about 1% Friday, closing near $373, after disclosing a $253 million legal settlement charge in its quarterly filing. Revenue for the period declined 2% to $7.012 billion, with China representing 30% of sales.
Applied Materials Stock in Focus After Strong Earnings, Holiday Pause
Applied Materials stock will be closely watched when U.S. markets reopen Tuesday following a strong post-earnings rally and the Presidents Day holiday closure. The chip equipment maker's upbeat forecast, driven by AI and memory demand, has lifted sector sentiment.
Lam Research Gains as Chip Equipment Sector Rallies on Applied Materials Outlook
Lam Research shares advanced Friday, mirroring a sector-wide rally after Applied Materials issued an upbeat outlook. Markets are closed Monday for Presidents Day, shifting focus to upcoming economic data.
Applied Materials Surges on AI Chip Demand Forecast; Tech Sector Wavers
Applied Materials shares rallied sharply Friday following an optimistic forecast tied to artificial intelligence infrastructure spending, even as the broader technology sector faced weekly losses amid market volatility.
Applied Materials Forecast Lifts Chip Equipment Sector Amid Mixed AI Trade
Applied Materials jumped 8% Friday after issuing a quarterly outlook above analyst estimates, citing accelerating AI investments. The iShares Semiconductor ETF rose 0.9% while Nvidia and Broadcom slipped.
Applied Materials Surges on AI-Driven Forecast, Settles Export Case
Applied Materials shares rallied sharply following an upbeat quarterly forecast driven by artificial intelligence and memory market demand. The company also resolved a U.S. export-control investigation with a substantial settlement.
MP Materials Gains Ahead of Holiday, Eyes Earnings and China Policy
MP Materials shares climbed 1.3% to $58.03 Friday, rebounding from a 5.4% drop. Markets are closed Monday for the holiday, with Q4 earnings and a China policy update next on the calendar.
ASML Eyes Monday Momentum After Applied Materials' AI-Driven Forecast
ASML Holding's stock gained 0.9% in Amsterdam, with investors monitoring spillover from Applied Materials' upbeat AI-driven forecast and ongoing export control risks.
Applied Materials Forecast Lifts Chip Sector; Nvidia Retreats Amid AI Volatility
Applied Materials' bullish revenue forecast propelled its shares and lifted peers, though Nvidia and Broadcom fell. The chip sector sees volatility as AI investment optimism meets scrutiny.
Applied Materials Surges on Strong AI-Driven Outlook, Settles Export Probe
Applied Materials issued a stronger-than-expected second-quarter forecast, sending its shares up over 12% after hours. The chip equipment maker also agreed to a $252.5 million settlement to resolve a U.S. export-controls investigation.
Lam Research Dips Amid Export Settlement, CPI and Applied Materials Results Loom
Lam Research shares declined slightly in volatile trading as the sector digested a major export-control settlement and awaited key inflation data and peer earnings.
Applied Materials Settles $252M China Export Case, Shares Dip Ahead of Earnings
Applied Materials shares edged lower premarket after agreeing to a $252.5 million settlement over unauthorized chip equipment exports to China. The company reports quarterly results after the close.
Lam Research Shares Dip on Insider Sale Disclosure; Market Eyes Applied Materials, Economic Data
Lam Research stock declined 2.6% following a regulatory filing showing a director sold 35,000 shares. Investors are now focused on upcoming earnings from peer Applied Materials and key U.S. inflation and jobs reports.
Applied Materials Gains Ahead of Q1 Report; Focus on Chip Tool Demand and China Outlook
Applied Materials shares advanced 2.5% to $330.57 as investors await Thursday's fiscal first-quarter results, with attention on semiconductor equipment demand and the impact of U.S. export restrictions on China sales.
Lam Research Shares Dip Amid Insider Sale; Market Awaits CPI and Applied Materials Earnings
Lam Research stock declined 0.75% to $229.28, partially recovering after hours, following an SEC filing revealing a director's share sale. Focus shifts to upcoming inflation data and Applied Materials' quarterly results.
Applied Materials Gains Ahead of Q1 Earnings Amid Semiconductor Sector Strength
Applied Materials shares advanced 1.2% to $326.33 Monday as investors positioned for Thursday's quarterly results. The broader semiconductor sector also traded higher.