SPCX.TO is trading at CA$18.18 (-3.09%) following a tech-led reversal and a broader shift toward risk-off sentiment in the markets.
- Risk appetite weakened as sell-offs in crypto and other high-beta assets pressured growth-linked exposure and reversed recent gains in megacap stocks.
- A mixed macro backdrop persists, where the benefits of cooler inflation are being offset by concerns over slower GDP growth and a hawkish Federal Reserve tone.