No new catalyst drove the second leg lower: RXT was down about 8.9%, deeper than the roughly 5.2% pre-market drop earlier. The S&P 500 and Nasdaq fell sharply as volatility rose, while DXC, Oracle and Amazon also sold off; RXT remained part of that cloud and IT-services retreat. North Korea security talks added to the geopolitical risk backdrop. source
No new catalyst drove the second leg lower: RXT was down about 8.9%, deeper than the roughly 5.2% pre-market drop earlier. The S&P 500 and Nasdaq fell sharply as volatility rose, while DXC, Oracle and Amazon also sold off; RXT remained part of that cloud and IT-services retreat. North Korea security talks added to the geopolitical risk backdrop. source