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S&P 500 Gains and Losses Today: Seagate Technology Stock Jumps as Earnings Underscore Storage Demand

1. Seagate Technology reported better-than-expected quarterly sales and profits. 2. Seagate shares surged 11.6%, leading S&P 500 gains. 3. Robust demand for HAMR technology drove strong performance. 4. U.S. GDP shrank for the first time since early 2022. 5. Super Micro Computer shares plummeted due to disappointing results.

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FAQ

Why Very Bullish?

Seagate's positive earnings and high demand indicate strong market performance, similar to past quarters where surprises led to stock surges.

How important is it?

Positive earnings and forecasts significantly impact stock outlook, as evidenced by past performance following earnings surprises.

Why Short Term?

Immediate market reactions are typically influenced by earnings reports; historical data shows timely impacts within weeks following releases.

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