From Yahoo Finance: 2025-05-20 12:54:00

The stock market closed the week positively despite mixed earnings and inflation concerns, with the Dow Jones up by 0.78%, S&P 500 by 0.70%, and Nasdaq by 0.52%. 10 companies, including Bitcoin miners and quantum computing firms, saw significant gains due to new corporate developments boosting investor interest.

Archer Aviation Inc. (NYSE: ACHR) surged for an eighth consecutive day, rising 9.11% to $13.30 per share after being named the official air taxi partner of the 2028 Los Angeles Summer Olympics and Paralympic Games. The company plans to showcase its fleet of electric vertical takeoff and landing (eVTOL) aircraft during the event, pending FAA certification.

Despite awaiting FAA approval, Archer Aviation (ACHR) plans to launch its Midnight model in the UAE soon. Users will be able to hail air taxis through an app, with fares comparable to Uber premium rides. ACHR currently ranks 8th on the list of Friday’s top performers, with potential for growth as an investment.

Read more: Why Archer Aviation Inc. (ACHR) Skyrocketed on Friday