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Why Archer Aviation Stock Plummeted Today

TheMotleyFool

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Why Archer Aviation Stock Plummeted Today: https://g.foolcdn.com/editorial/images/873371/gettyimages-1169868458-copy.jpg

Archer Aviation (NYSE: ACHR) stock got hit with a wave of turbulence in Friday's trading. The electric vertical take-off and landing (eVTOL) aircraft company's share price closed out the daily session down 13.2%. The stock had been down as much as 15.7% in the day's trading.

Growth stocks got hit hard in today's daily trading session, with the S 500's level moving 2.6% lower and the Nasdaq Composite's level closing out the day down 4.2%. The Nasdaq Composite recorded its biggest daily drawdown since April 2025, and Archer Aviation stock moved lower amid the risk-off trade.