Applied Materials is trading 3.28% down now at $94.30 as hotter-than-expected August producer inflation pushed Treasury yields and rate expectations higher, weighing on high-growth technology stocks.
- Rising oil prices and geopolitical tensions are adding to the risk-off tone.
- Semiconductor shares are broadly weaker, with SOXX down 2.63%; major U.S. indexes are also lower.
- No fresh company-specific catalyst surfaced; the latest earnings-related coverage dates to August 13.