🔴 Avnet is trading 12% down in pre-market as strong U.S. PMI data lifted Treasury yields

Avnet is trading 12% down at $89.01 after no new company-specific catalyst was identified overnight; the decline follows September 23, 2026’s broader risk-off session, when strong U.S. PMI data pushed Treasury yields higher and pressured technology stocks. - The Nasdaq Composite fell 1.07%, while the S&P 500 declined 0.67%; pre-market futures remain lower. - Avnet’s latest major announcements were previously reported dividend and partnership updates.