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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%.
Grom Social Enterprises (GROM) was shedding more than 28% after it agreed to sell $3 million worth of common stock and warrants in a private placement to a single institutional investor.
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