markets
RIVN -16.56% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
RIVN COLLAPSES 16.5% INTRADAY — TECH SELLOFF ACCELERATES
Rivian is getting destroyed in today's session, hitting $16.825 versus Friday's $20.14 close. AMD is down 7.1% to $513.585 and RKLB is off 9.8% to $83.80, dragging QQQ down 2.06% to $708.16 — broad tech is cracking hard right now. AFRM is sliding 2.4% to $83.715 as risk appetite evaporates across growth names.
Watch: QQQ $700 as next major support — a break there opens air below. RIVN $16.00 is the line; a close under that level signals the move has further to run into tomorrow.