🔴 WDC is trading 9.81% down today amid tech rotation and hawkish Fed expectations

WDC is trading at $261.77 (-9.81%) amid a broader rotation out of technology stocks and hawkish Fed expectations, despite a lack of company-specific negative news.

• The decline aligns with a -0.76% drop in the NASDAQ Composite following weak ADP employment data and concerns over tightening monetary policy.
• The stock had previously closed at $290.24 on February 3, following a $4 billion share repurchase program expansion announced on February 2.
• Today's sharp gap down suggests a macro-driven reversal of recent gains as investors pivot away from the tech sector.