Crypto
Archer Aviation Stock Rises Amid Sector-Wide Boost
Archer Aviation (ACHR) stock rose 3% on Monday to close at $5.43, recovering some of Friday's 2.59% decline.
The gain came alongside a broader market rally, with Joby Aviation (JOBY) also up nearly 5%, and the Nasdaq 100 gaining 2.83%. The S&P 500 rose 1.5% on the day, driven by falling oil prices and lower Treasury yields that pushed investors back into higher-risk names.
Rival eVTOL stocks moved together rather than on any Archer-specific news, suggesting a sector-wide boost. ACHR had fallen 2.59% on Friday, so Monday's gain recovered a chunk of that slide.