Huo Xing Finance reports that on June 9, according to market data, the U.S. storage sector turned downward, with Micron Technology (MU) falling 1.46%, Western Digital (WDC) dropping 1.6%, and Seagate Technology (STX) declining 1.82%. On the news front, the upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports for June, to be released on Wednesday and Thursday respectively, are drawing significant market attention. Forecasts indicate that both headline and core U.S. CPI year-over-year growth rates will accelerate further, projected at 4.2%—the highest level since June 2023—and 3% respectively. Such outcomes could trigger severe repercussions across global financial markets.
U.S. storage sector declines amid focus on upcoming CPI data
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Summary
On-chain data shows the U.S. storage sector declined on June 9, with Micron Technology (MU) down 1.46%, Western Digital (WDC) down 1.6%, and Seagate Technology (STX) down 1.82%. The market is focused on the upcoming CPI and PPI reports, with forecasts projecting a year-over-year increase in CPI to 4.2% and core CPI to 3%. The Fear & Greed Index remains volatile as traders prepare for potential market movements following the data release.
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