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Benzinga
Benzinga
Business
Henry Khederian

Rocket Lab (RKLB) Stock Continues To Fall: What's Happening?

RKLB Rocket Lab Rocket Lab Corp
Rocket,Lab,Building,Sign.,Auckland,,New,Zealand,-,February,8,

Shares of Rocket Lab Corp (NASDAQ:RKLB) are trading lower Monday, potentially on continued downward momentum. The company last week reported third-quarter earnings and multiple operational updates. The stock is also continuing a recent sell-off that has erased 22% of gains over the last week and 35% over the past month.

Macro headwinds have been to blame. Hawkish comments from Federal Reserve officials regarding sticky inflation have dampened hopes for rate cuts, hammering tech-heavy indices and growth stocks in recent sessions.

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