Satellogic Inc. is trading 7% down at $7.90 as a stronger-than-expected May jobs report dampens near-term rate-cut hopes and triggers a broader risk-off move in growth shares.
- The Nasdaq Composite fell 1.66% following the employment data, which has placed significant pressure on high-growth sectors.
- The decline follows a period of elevated volatility and a sharp reversal pattern after a recent news-driven rally for the stock.