KLA (KLAC) stock drops nearly 6% as chip-equipment shares slide on oil-and-inflation fears
KLA Corp shares dropped 5.9% to $1,444.25 Tuesday afternoon, leading declines among chip-equipment makers as Lam Research fell 6.3%, Applied Materials 5.7%, and ASML 3.8%. The selloff followed renewed energy-price concerns tied to Middle East tensions. Investors are watching Friday’s U.S. jobs report for signals on interest rates.
