Why ASML Holding Stock Fell 15% in June

·2 min read

Technology stocks, semiconductors in particular, were under pressure in recent weeks as chances of an economic recession increased. Shares of chip fab equipment company ASML Holding (NASDAQ: ASML) fell 15% in June, according to data from S&P Global Market Intelligence. Skyrocketing inflation isn't helping, and the U.S. Federal Reserve's aggressive interest rate hikes aimed at taming out-of-control commodity prices is casting shade on growth prospects for many businesses too.