🔴 Garmin is trading 6.9% down in pre-market as technology shares face pressure

Garmin is trading 6.9% down at $273.85 in pre-market as technology shares face pressure and elevated Treasury yields weigh on rate-sensitive valuations.

• Nasdaq futures are down 0.90%; wider headlines cite renewed oil-price and geopolitical concerns after the U.S. rejected Iran’s proposal.
• No company-specific announcement explaining the decline surfaced. Garmin’s October 28 earnings call is scheduled; results were not announced overnight.
• Reuters reported higher oil and yields on September 28.