ACHR - Everybody's Watching These 2 Stocks Early Friday
2023-08-11 09:35:53 ET
Stock markets were poised to move slightly lower on Friday morning, as the latest reading on inflation at the wholesale level inched higher after having seen steep declines in recent months. That sent stock index futures down as much as half a percent. Investors have had to weigh whether renewed inflationary pressures would force the Federal Reserve to leave interest rates higher for a longer period of time than initially expected.
Despite fairly modest declines for the market benchmarks, a pair of stocks made much larger moves. Archer Aviation (NYSE: ACHR) jumped on news of a big collaboration to provide more funding for the company's electric vertical takeoff and landing (eVTOL) vehicle aspirations, while Maxeon Solar Technologies (NASDAQ: MAXN) disappointed investors with its latest quarterly results. Read on to get all the details you need below.
Shares of Archer Aviation were up 17% early Friday. The eVTOL vehicle developer announced several pieces of important news.
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Everybody's Watching These 2 Stocks Early Friday