Satellogic Inc. is trading 10.2% down at $7.63 as a stronger-than-expected U.S. May jobs report pressures growth and technology names across the market.
- The robust labor market data has led investors to price in the risk of higher-for-longer interest rates, weighing heavily on growth-sensitive stocks.
- Broader market sentiment is sharply negative, with both the Nasdaq Composite and S&P 500 declining more than 1% during the session.