🟢 SPACE X is trading 3.4% up today as tech stocks rally on cooler inflation data

SPACE X is trading 3.4% higher at BRL 39.45, rebounding from yesterday’s pullback amid a strong risk-on tone in U.S. equity markets.

• The move follows upbeat Microsoft earnings and cooler-than-expected inflation data, which boosted the Nasdaq by 2.4% and the S&P 500 by over 1%.
• The stock appears to be benefiting from a renewed appetite for growth and technology names rather than any company-specific news catalyst.