Why Rocket Lab Stock Skyrocketed 33.5% Last Month and Has Kept Surging in July

Aided by bullish momentum for the broader market, Rocket Lab (NASDAQ: RKLB) stock posted big gains in June's trading. The company's share price rocketed 33.5% higher in the month, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 climbed 5%, and the Nasdaq Composite rose 6.6%.Comments from a Federal Reserve official last month pointed to an increased likelihood that the central banking authority will deliver a cut for the benchmark interest rate this month, and the development paved the way for the stock market to see big gains. In addition to the bullish backdrop for the market at large, Rocket Lab stock saw big gains in conjunction with business-specific news and positive coverage from analysts.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool