Archer Aviation is trading 4.3% up now at $4.75 as investors step back in following a 4.1% decline on July 13.
- The stock is rebounding from yesterday's losses, which were driven by concerns regarding a patent and trade-secret dispute with Joby Aviation and a broader selloff in the tech sector.
- Today's recovery comes amid a supportive backdrop for growth stocks, with the Nasdaq Composite rising after softer June CPI inflation data eased worries over future interest rate hikes.