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%.