US Stock Market Move | Storage sector collectively weakened, Seagate Technology Holdings PLC (STX.US) fell more than 6%.
On Monday, the storage sector collectively weakened, with Seagate Technology (STX.US) falling more than 6%, Sandisk (SNDK.US), Western Digital (WDC.US) falling more than 5%, and Micron Technology (MU.US) falling more than 2%.
On Monday, the storage sector collectively weakened, with Seagate Technology Holdings PLC (STX.US) falling more than 6%, SanDisk (SNDK.US) and Western Digital Corporation (WDC.US) falling more than 5%, and Micron Technology, Inc. (MU.US) falling more than 2%. On the news front, market concerns over the potential long-term escalation of US-Iran conflict and a resurgence of inflation led to a significant increase in US bond yields, putting pressure on technology stocks including the storage sector, resulting in profit-taking by investors.
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