Archer Aviation Fell After Initially Surging Today -- Is the Stock a Buy?
Archer Ltd
WKN: A1415L / Name: Archer / Aktie / Öl & Gas - Ausrüstung und Service / Small Cap /
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16,75 %
Archer Aviation Fell After Initially Surging Today -- Is the Stock a Buy?
Archer Aviation (NYSE: ACHR) stock lost ground in today's trading despite surging earlier in the session. After having been up as much as 16.4%, the electric flying-taxi company's share price ended
Fed Chairman Jerome Powell took a more careful approach to future rate cuts, which means the central bank might not lower rates as quickly next year bitlife. Investors became more pessimistic after hearing what he said, which shows that they are worried about the Fed's possible policy direction.
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