🔴 SPCX.TO ETF (SPCX.TO) is trading 3.3% down as SpaceX shares retreat

SPCX.TO is trading at CA$22.35 (-3.25%), as SpaceX-linked shares retreat after recently rebounding toward the $135 IPO price.

• SpaceX was reported down 2.87% in U.S. trading; broader technology sentiment is mixed.
• Rising oil prices, higher Treasury yields, and caution ahead of the August 12 CPI report are pressuring growth-sensitive assets.
• The decline appears to be a pullback and profit-taking after SPCX.TO gained 4.15% on August 10 and 15.70% on August 7.