14.04.2016 20:41:38

Seagate Leads Computer Hardware Stocks Notably Lower

(RTTNews) - While many of the major sectors are showing only modest moves during trading on Thursday, significant weakness is visible among computer hardware stocks.

The NYSE Computer Hardware Index is down by 3.7 percent, on pace to end the session at its lowest closing level in a month.

Seagate Technology (STX) has led the hardware sector lower, with the disk drive maker tumbling by 20.1 percent after warning of weaker than expected third quarter results.

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