🔴 Sidus Space is trading 7.1% down today amid tech selloff and renewed rate-hike concerns

Sidus Space is trading 7.1% lower at $1.18; no company-specific catalyst for the decline is clearly established.

• Hotter-than-expected U.S. inflation revived rate-hike concerns.
• Reuters reported Nasdaq futures fell more than 1% on October 15 as technology shares sold off, consistent with broader risk-off sentiment.
• Sidus Space announced more than $3 million in third-quarter contracts and purchase orders on October 14; that announcement does not establish a cause for the current drop.