🔴 Applied Materials is trading at 3.08% down as oil and Treasury yields pressure chip stocks

Applied Materials is trading 3.08% lower at $504.60 amid broader macro and semiconductor-sector weakness.

• No clear company-specific announcement was found for October 8; reporting said chipmakers faced pressure in early U.S. trading as higher oil prices and Treasury yields weighed on stocks.
• Brent rose nearly 5% above $105 a barrel, while 10-year Treasury yields reached 5.32%.
• The Nasdaq was softer, with its decline below 0.5%; the AI-demand outlook is not a clear explanation for the drop.