Technology Sector Update for 01/25/2023: MSFT, ASML, GROM, XLK, SOXX
Technology stocks were retreating premarket Wednesday. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were each recently slipping past 1%.
Microsoft (MSFT) was down more than 3% after saying it is "investigating issues impacting multiple Microsoft 365 services."
ASML Holding (ASML) reported Q4 earnings of 4.60 euros ($5.01) per share, up from 4.39 euros a year earlier. Analysts polled by Capital IQ expected 4.32 euros. ASML Holding was recently declining by more than 2%.
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