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Benzinga

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Henry Khederian

HISTORICAL FACTS: What s going on with rocket lab rklb stock - Caught on Camera

Rocket Lab RKLB Jerome Powell Rocket Lab Corp US Federal Reserve Oil

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

Shares of Rocket Lab Corp (NASDAQ: RKLB) are trading marginally lower Friday. This week’s volatility was largely attributed to cautious remarks from Federal Reserve Chair Jerome Powell and rising oil prices, creating a risk-off sentiment that has impacted growth sectors, including aerospace.

What To Know: Adding to the pressure is a class-action lawsuit filed against the company, alleging discrepancies related to financial projections and the timeline for its next-generation Neutron rocket. Rocket Lab has since filed a motion to dismiss the suit.

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