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Benzinga
Benzinga
Business
Henry Khederian

Rocket Lab (RKLB) Stock Is Sliding Wednesday: What's Going On?

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

Shares of Rocket Lab Corp (NASDAQ:RKLB) are trading lower Wednesday afternoon, caught in a broader market downturn as major indices see red. Here’s what investors need to know.

What To Know: The S&P 500 and Nasdaq both slipped Wednesday following cautious remarks from Federal Reserve Chair Jerome Powell and rising oil prices, creating a risk-off sentiment that pressured growth stocks.

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