NEW YORK, January 1, 2026, 18:35 ET — Market closed.
- Seagate ended the last session down 1.7% at $275.39.
- U.S. stock markets are shut for New Year’s Day and reopen Friday.
- Traders are watching Treasury yields and Seagate’s next earnings update.
Seagate Technology Holdings plc (NASDAQ:STX) shares last closed down $4.69, or 1.7%, at $275.39 in the final trading session of 2025, as U.S. markets turned lower in thin holiday dealing.
The move matters now because Seagate enters 2026 after a sharp run that left storage names sensitive to shifts in interest rates and investor risk appetite. Reuters reported that Seagate and other storage-focused stocks had more than tripled in 2025.
Wednesday’s decline came as bond yields pushed higher, a headwind for growth-heavy tech stocks because it can make future profits worth less in today’s dollars. Data storage companies were among the groups that weighed on indexes, a Nasdaq.com market recap said.
Seagate traded between $274.27 and $280.25 on the day and finished below its prior close of $280.08, according to historical pricing data. Volume was about 1.3 million shares.
The 10-year U.S. Treasury yield rose 4 basis points — 0.04 percentage point — to 4.16% after weekly jobless claims fell unexpectedly, the same Nasdaq.com report said.
Peers also slipped into the year-end close, with Western Digital (NASDAQ:WDC) down about 2.2% and Micron Technology (NASDAQ:MU) down about 2.5% in the last session, reflecting broad pressure on storage and semiconductor-linked names.
Seagate makes hard disk drives used in data centers and enterprise systems, a corner of hardware spending tied closely to cloud buildouts and AI-related data growth.
At its last quarterly update, Seagate forecast fiscal second-quarter revenue of $2.70 billion, plus or minus $100 million, and adjusted profit of about $2.75 per share, above analysts’ estimates at the time, Reuters reported. “Demand for existing use cases such as social media video platforms as well as growth driven by new AI applications,” CEO Dave Mosley said in a statement. Reuters Oct. 28 report Reuters
Seagate’s board also declared a quarterly cash dividend of $0.74 per share payable on Jan. 9, 2026, to shareholders of record as of Dec. 24, 2025, the company said.
U.S. exchanges are closed Thursday for New Year’s Day, with normal trading set to resume Friday, according to the NYSE and Nasdaq holiday calendars.
Before the next session, traders will be watching whether STX can hold above Wednesday’s $274 area — the session low — and regain the $280 zone that marked the prior close. Those levels often act as short-term “support” and “resistance,” trader shorthand for areas where buying or selling pressure has recently shown up. Yahoo Finance+1
The next major catalyst is earnings: Seagate has not confirmed a date, but MarketBeat lists an estimated report on Jan. 20 after the market close, based on past schedules. Investors will focus on whether Seagate’s updated outlook matches its prior profit and revenue guidance and whether demand signals from cloud customers stay firm.
