COHH is trading at $5.97, down 4.63% from the August 27 close; the pre-market decline appears driven by profit-taking after the Nvidia-led technology rally.
- Nasdaq futures are down roughly 0.2%-0.3%; investors await Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.
- Overnight, the initial Nvidia boost faded; Marvell Technology fell more than 7% after earnings, weighing on semiconductor sentiment.
- Final August consumer-sentiment release is due at 10:00 a.m. ET; August was 51.0 versus 55.2 in July.