On Monday, the storage sector experienced a collective downturn, with Seagate Technology PLC (STX.US) falling more than 6%. SanDisk Corp. (SNDK.US) and Western Digital (WDC.US) both declined over 5%, while Micron Technology (MU.US) dropped more than 2%. The weakness was attributed to market concerns over a prolonged U.S.-Iran conflict and a resurgence of inflation, which drove U.S. Treasury yields higher. This pressured technology stocks, including the storage sector, prompting investors to take profits.
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