shares of applied materials inc amat slid 277 to 11316 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 041 to 409195 and dow jones industrial average djia falling 011 to 3364650 this was the stocks second consecutive day of losses applied materials inc closed 1246 short of its 52week high 12562 which the company reached on march 21st the stock underperformed when compared to some of its competitors wednesday as broadcom