Archer Aviations Stock Decline Amid Mixed Earnings and Economic News

Archer Aviation`s stock fell 14.3% in trading this week, with the S&P 500 index falling 2.1% and the Nasdaq Composite index retreating 3.4%. The company`s share price was affected by uneven earnings season and new economic data, which caused many growth stocks to be hit hard. However, Archer`s share price was likely mitigated by good news, as the company showcased its Midnight vehicle in Atlanta and confirmed that construction of its manufacturing facility in Covington, Georgia, is on track to be completed this year. The facility will allow Archer to produce 650 Midnight aircraft annually. The Motley Fool Stock Advisor analyst team recently identified the 10 best stocks for investors to buy now, but Archer Aviation wasn`t one of them. The Stock Advisor service has