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-0.00107874865156416 0.00107874865156435 0.005393743257821 0.00215749730312852 0.00323624595469268 0.00322545846817706 0.005393743257821 0.00431499460625684
Stock impact report

Yahoo Finance [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
After having been up as much as 16.4%, the electric flying-taxi company's share price ended the daily session down 1.5%. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) fell 3%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) ended the day down 3.6%. Archer Aviation stock initially saw big gains in today's daily session following bullish coverage from Cantor Fitzgerald. The firm reiterated an overweight rating on the stock, which is equivalent to a buy rating. It also raised its one-year price target on the stock from $10 per share to $13 per share. But Archer wasn't able to hold on to the gains driven by the positive analyst coverage. The Federal Reserve announced another 25-basis-point cut for interest rates today -- a move that was widely anticipated. The benchmark interest rate has now been lowered to 4.25%, but comments from Fed chairman Jerome Powell wound up powering a dramatic swell in bearish sentiment. While significant progress has been made on combating inflation, Powell made c Show less Read more
Impact Snapshot
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