Shares in the technology sector declined despite positive news from some big names.
Dutch chip-machine supplier ASML, the maker of the world's most advanced chip-making equipment, reported record orders in its latest quarter and lifted its sales guidance for the second time, in a sign that spending to produce cutting-edge chips remains strong.
Apple's artificial-intelligence system has secured government approval in China, clearing a major roadblock for the iPhone maker to introduce the service in the world's largest smartphone market.
Aehr Test Systems, the designer, manufacturer, and seller of equipment used in the semiconductor industry, reported better-than-expected earnings and revenue. Aehr said bookings were a record $60.7 million for the quarter.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
