🔴 Micron Technology is trading 4.37% down in pre-market amid oil prices, yields and geopolitical concerns

Micron Technology is trading 4.37% down now at $932.60 after a weaker overnight market backdrop.

• The Nasdaq Composite is down 1.55%, while futures are pressured by elevated oil prices, Treasury yields and renewed geopolitical concerns.
• Taiwan’s labor dispute remains an operational risk. Micron announced bonuses worth 35 to 68 months of pay on September 11, but unions still indicated strike pressure could continue.