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Semiconductor U.S. shares closed up 9% Friday at the highest ever price of application materials

On November 16, according to foreign media reports, U.S. stocks closed at an all-time high on Friday, with the Dow Jones Industrial Average breaking through 28000 for the first time.

Stock price performance of Applied Materials

The Dow Jones industrial average rose 222.93 points, or 0.8%, to 28004.89; the NASDAQ rose 61.81 points, or 0.73%, to 8540.83; and the SP 500 rose 23.83 points, or 0.77%, to 3120.46.

Foreign media said that the U.S. stock market recently hit new highs due to factors such as the Federal Reserve's interest rate cut and corporate performance in the third quarter exceeding low expectations.

Ten of the S & P 500's 11 sectors ended higher. Health stocks led gains, with United Health Group up 5.3%.

Applied materials, a semiconductor manufacturing equipment supplier, jumped 9% after forecasting net sales of about $4.1 billion in the first quarter of fiscal 2020, with a floating range of $150 million. Adjusted non GAAP (non GAAP) diluted earnings per share are expected to be between $0.87 and $0.95, with both revenue and earnings exceeding Wall Street's expectations.

In the whole year of 2019, applied materials company achieved a total revenue of US $14.61 billion and a net profit of US $2.7 billion.

NVIDIA, the chip maker, fell 2.7 percent to $204.19 after reporting results. For the third quarter ended October 27, 2019, NVIDIA's revenue was $3.01 billion, compared with $3.18 billion for the same period last year, and GAAP diluted earnings per share for the quarter was $1.45, compared with $1.97 for the same period last year.

About 6.5 billion shares were traded on U.S. stock exchanges, down from 6.9 billion per day in the past 20 trading days.