🔴 GE Vernova is trading 4.1% down in pre-market amid broad market and rate-related pressure

GE Vernova is trading 4.1% down at $918.00 amid broad pre-market weakness.

• Nasdaq is down 1.52% and S&P 500 is down 0.63%.
• Overnight concerns include elevated Treasury yields, oil above $100, Middle East shipping risks, and uncertainty ahead of this week’s Federal Reserve decision.
• No fresh company-specific negative announcement was identified. Jefferies raised its price target to $1,185 while maintaining a Buy rating; this does not explain the September 14 decline.