S&P 500 Gains and Losses Today: Seagate Stock Surges; Supermicro Falls After Soft Earnings Report
1. STX shares surged 10.1% following a debt exchange with lenders. 2. The deal involved $500 million in debt being exchanged for cash and stock. 3. Data storage demand is rising due to AI infrastructure buildout. 4. Seagate's rival, Western Digital, also saw a 5.2% increase. 5. U.S. equity indexes gained ground, enhancing investor sentiment.