Nasdaq 100 Trading Highlights: Ferrovial Faces Headwinds as Storage Giants Rally

Early Wednesday trading painted a mixed picture across the Nasdaq 100, with significant divergence between sectors. The index’s most compelling story involved storage technology stocks, while infrastructure plays like Ferrovial struggled to gain traction.

Storage Sector Dominance Drives Index Movement

Seagate Technology Holdings emerged as the clear winner of the day’s session, with shares climbing 17.0% in early trading. The hard drive manufacturer has demonstrated remarkable year-to-date momentum, posting a 57.9% gain since the start of the year. This performance underscores strong demand in the storage sector heading into 2026.

Western Digital followed suit with an equally impressive 10.6% daily surge, capitalizing on the same favorable market conditions lifting the broader storage category. The convergence of gains in both major storage companies signals renewed investor confidence in the space.

Infrastructure and Diversified Holdings Show Volatility

Not all Nasdaq 100 constituents shared in the day’s upside. Ferrovial led the decline list, dropping 2.3% during Wednesday’s early session. Despite this pullback, the Spanish infrastructure firm maintains positive momentum year-to-date, with a 5.4% gain reflecting resilience across the broader performance cycle.

Arm Holdings also retreated, trading down 2.1% on the day, adding to the pattern of weakness among certain tech and infrastructure names amid broader market rotation.

Market Takeaway

Wednesday’s trading revealed selective strength in capital-intensive storage technology, with Seagate and Western Digital demonstrating the sector’s ability to attract meaningful buying interest. Meanwhile, names like Ferrovial and Arm face near-term headwinds despite solid year-to-date positioning.