Rocket Lab Rises on NASA Selection; Microsoft Down on Tech Selloff | Stock Movers

In a notable day for the tech and space sectors, Rocket Lab saw its shares rise following NASA's selection to provide three Electron launches for upcoming missions. This move underscores the growing role of private space companies in government contracts. Meanwhile, Microsoft's stock continued its downward trend amid broader tech sector selloffs, indicating investor concerns about the sector's valuation. The merger between Onsemi and Synaptics for $6.2 billion further highlights the consolidation trend within the semiconductor industry.