Snowflake is trading at $320.49, down 4.60%, after a weaker pre-market backdrop for technology stocks.
- The Nasdaq Composite was down 0.82%; higher oil prices, rising yields and renewed U.S.-Iran tensions pointed to broad risk-off pressure.
- Searches found no clear Snowflake announcement explaining the move; the latest Snowflake-specific news concerned earlier developments, not September 28.