Tech stocks steady before market open, ASML Holding up, Microsoft down, Ericsson up

From Nasdaq.: 2024-07-05 09:00:48

Technology stocks were stable before the market opened on Friday, with the SPDR S&P Semiconductor ETF (XSD) remaining inactive and the Technology Select Sector SPDR Fund (XLK) down slightly by 0.1%.

ASML Holding (ASML) received approval to expand its headquarters and manufacturing facility in Veldhoven, Netherlands, despite opposition from local residents. The semiconductor company’s stock was up by 0.6% in premarket trading.

Microsoft (MSFT)-backed OpenAI experienced a security breach last year that was not disclosed publicly or reported to authorities, as revealed by The New York Times. Microsoft’s stock was down by 0.1% before the market opened.

Ericsson (ERIC) announced a non-cash impairment charge of 11.4 billion Swedish kroner ($1.09 billion) in Q2, citing lower expected market growth rates in Vonage’s portfolio. The company’s stock was up by 0.5% in premarket trading.



Read more at Nasdaq.: Sector Update: Tech Stocks Steady Pre-Bell Friday