🔴 Lam Research is trading 3.37% down in pre-market as Nasdaq futures fall

Lam Research is trading 3.37% down at $304.60 in pre-market amid weaker technology sentiment and falling U.S. futures.

• Reuters reported markets weakened as oil rose after President Trump rejected Iran’s proposal to reopen the Strait of Hormuz; Nasdaq futures fell 0.7%.
• The Nasdaq Composite was down 0.98%.
• No new company-specific announcement explaining the move surfaced in available reporting.