KLA stock tumbles on cautious outlook: what to watch before Monday’s open

KLA Corp shares tumbled 15.2% to close at $1,427.94 on Friday, wiping out gains made ahead of the earnings report.

Semiconductor stocks stumble after KLA rout — what to watch before Monday’s open

Semiconductor stocks stumble after KLA rout — what to watch before Monday’s open

Semiconductor shares tumbled into the weekend, with the Philadelphia Semiconductor Index closing Friday at 7,998.47, down roughly 3.9%. KLA Corp, a key player in chip equipment, plunged 15.2%. The broader market slipped as investors digested President Donald Trump’s pick of former Federal Reserve Governor Kevin Warsh for Fed chair, alongside a hotter-than-forecast producer-price report. Adding to the pressure, Apple flagged rising memory-chip costs weighing on its profits.
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