🟢 Rackspace Technology is trading 5% up today as tech shares gain ahead of Fed decision

Rackspace Technology is trading 5.35% up now at $3.52, outperforming the broader market as technology shares gain ahead of the Federal Reserve’s September 16 decision.

• The Nasdaq Composite is up 0.64%, supporting a global risk-on explanation.
• Investors also weigh strong retail sales and potentially restrictive policy.
• A September 16 securities lawsuit announcement discusses an earlier July decline, not a new bullish catalyst.