Why Archer Aviation Stock Is Taking Flight Today

Shares of electric air taxi company Archer Aviation (NYSE: ACHR) rose 12.5% as of 1:11 p.m. ET today for no obvious reason, but as tech stocks rebounded overall and one of Archer's key partners recently announced new funding.Despite turbulence last week after President Donald Trump announced potential new tariffs, investors continue to buy the dip on tech stocks. The Nasdaq Composite (NASDAQINDEX: ^IXIC) had gained over 1% as of this writing.Over the weekend, President Trump announced 25% tariffs on all steel and aluminum imports. Trump's previously announced tariffs on China also reportedly went into effect at midnight on Sunday. Treasury yields moved up slightly, but expectations for inflation continue to be mixed.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool