NASA is trading 3.5% lower in pre-market, extending a sharp multi-day slide as enthusiasm surrounding the recent SpaceX IPO fades and technical indicators shift to a strong sell setup.
- Broader risk-off sentiment toward high-valuation technology and semiconductor names is intensifying due to hawkish Fed commentary and escalating U.S.–Iran tensions.
- These macroeconomic pressures are weighing heavily on the fund's core exposure in industrials, communication services, and information technology.