US stocks enjoy big relief rally after Monday’s tumble

Investors bought the dip, with major US stock indexes rallying on “turnaround Tuesday”. The SPDR S&P 500 Trust rose 1% today, as did the tech-heavy Nasdaq 100, while the Russell 2000 jumped 1.2 percent.

Japanese stocks rebounded today. After its worst crash since 1987, the Nikkei 225 surged 10.2 percent — though the index is still down 11 percent this month.

Treasury yields rose off their lows. The benchmark 10-year Treasury note is traded at 12 basis points higher at 3.9%, and the 2-year Treasury yield advanced 10 points to 3.989 percent.

All 11 S&P 500 sector ETFs saw positive returns. The real estate sector was the biggest mover, recording a 2.2 percent jump, followed by financials with a 1.6% gain.

Kenvue was the best S&P performer, rising 13.8 percent today after its second quarter earnings beat estimates. While growth in sales was unremarkable for Kenvue, investors had low expectations for the maker of Listerine and Band-Aid amid a broader slowdown of consumer spending. Uber rose 10.9 percent, thanks to solid earnings.

Several Magnificent Seven stocks also rebounded, with Nvidia recording a 3.8 percent increase and Meta jumping 3.9 percent.

Henry Schein was the worst S&P performer, down 8.1 percent, after lowering profit guidance during the earnings report. The company still suffers from a cybersecurity incident in October, which disrupted manufacturing and sales.

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While November is historically the best month for US stocks, the first week of the month in 2025 wasn’t great.

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The insanity over the Starbucks “Bearista” cups tells you everything you need to know about the US economy and markets

Upper-income consumers and megacap tech companies are both a) doing well and b) supply constrained.

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Retail traders are “skipping the dip” this time

Here’s one noteworthy feature of the recent market downturn that has the S&P 500 poised for its worst week since reciprocal tariffs were announced in early April: retail traders seemingly aren’t eager to buy the weakness in single stocks the way they used to be.

JPMorgan strategist Arun Jain has flagged that retail traders instead appear to be “skipping the dip.”

“In contrast to the behavior observed during the post-Liberation Day selloff, retail investors did not seize the opportunity to buy-the-dip on Tuesday, with a few exceptions such as META,” he wrote of the day where the benchmark US stock index fell 1.2%. “In fact, they scaled back their ETF purchases and turned net sellers in single stocks.”

Then on Thursday, when the S&P 500 fell 1.1%, Jain projected that retail traders sold $261 million in single stocks. Through noon ET on Friday, his daily outflow estimate stands at $851 million.

With that intel, it’s little wonder why the carnage this week has been particularly intense in more speculative single stocks that had been favored by the retail community, including IREN, IonQ, Rigetti, Cipher Mining, Bloom Energy, and Oklo.

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Archer Aviation plunges on $650 million share sale following its third-quarter results

Air taxi maker Archer Aviation is deep in the red on Friday morning after reporting its third-quarter results after the bell Thursday. The stock is down more than 12%.

Investors don’t appear to be thrilled about the company’s $650 million direct stock offering, announced alongside its results.

The move marks at least the third major equity raise, and dilution, for Archer this year. The company raised $300 million from a new stock sale in February, and sold $850 million worth of shares in June.

On Archer’s earnings call Thursday, interim CFO Priya Gupta said the company came to the decision after “substantial inbound interest.” According to Gupta, the company has heard from government and commercial partners that liquidity is a “key driver to their decisions of who to partner with.” With its latest share sale, Archer said its total liquidity is more than $2 billion.

Archer Aviation sinks after reporting better-than-expected Q3 loss, announces it will acquire LA’s Hawthorne Airport

Archer Aviation sinks after reporting better-than-expected Q3 loss, announces it will acquire LA’s Hawthorne Airport

The move marks at least the third major equity raise, and dilution, for Archer this year. The company raised $300 million from a new stock sale in February, and sold $850 million worth of shares in June.

On Archer’s earnings call Thursday, interim CFO Priya Gupta said the company came to the decision after “substantial inbound interest.” According to Gupta, the company has heard from government and commercial partners that liquidity is a “key driver to their decisions of who to partner with.” With its latest share sale, Archer said its total liquidity is more than $2 billion.

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