🔴 WDC is trading 3.3% down today amid broader market weakness and recession fears

WDC is trading at $251.53 (-3.3%) in after-hours trading after closing at $260.19, as the stock tracks a significant broader market sell-off.

• The decline follows a 1.76% drop in the S&P 500 and a 2.37% slide in the NASDAQ amid recession fears triggered by weak jobs data.
• While no company-specific news emerged, sentiment was pressured by high AI capital expenditure forecasts from industry peers like Amazon and Alphabet.