The Motley Fool
06 Jun 2026, 01:08 UTC · 4h ago
Why Archer Aviation Stock Plummeted Today
Read original · https://www.fool.com/investing/2026/06/05/why-archer-aviation-stock-plummeted-today/
The Motley Fool
06 Jun 2026, 01:08 UTC · 4h ago
Story key points
3 claims · impact-rated
May nonfarm payroll additions reached 172,000, significantly exceeding the economist target of 80,000. — Stronger-than-expected job growth increases the likelihood that the Federal Reserve will maintain or raise interest rates to curb inflation.
-0.80The Nasdaq Composite experienced its largest daily drawdown since April 2025, closing down 4.2%. — A sharp decline in the tech-heavy index signals a broad risk-off sentiment and a potential shift in appetite for growth stocks.
-0.60Archer Aviation (ACHR) shares fell 13.2% in a single session amid the broader growth stock sell-off. — The stock's high valuation relative to sales makes it hypersensitive to interest rate expectations and macroeconomic volatility.
-0.50Ticker attribution
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The stock experienced a significant daily drop of over 13% and faces valuation pressure from potential interest rate hikes.
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