Seagate Stock Plunges Over 5% as Dow Slides 2.3% on Iran Conflict
Seagate Technology shares fell over 5% during early trading following a broad tech sector sell-off. The Nasdaq 100 declined 2.2% and the Dow dropped 2.3% as US and Israeli strikes on Iran escalated conflict fears.
1. Broad Market Decline Sparks Tech Sell-Off
Wall Street opened sharply lower, with the Dow down 1,000 points (2.3%), Nasdaq off 2.2% and Russell 2000 down 3.1% as US and Israeli strikes on Iran intensified geopolitical tensions.
2. Seagate Plummets Over 5% in Early Trade
Seagate Technology stock dropped more than 5% in early trade, underperforming peers Western Digital and Intel, as investors fled riskier tech names due to rising conflict-driven uncertainty.
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