AAM Stocks Mixed, But Beat Market Battered By Rate Hike

Michael Lavitt June 20, 2022
Lilium Phoenix2 demonstrator
Credit: Lilium
The Federal Reserve’s 0.75% interest rate increase hit stock prices hard last week with the S&P 500 experiencing a 7.2% drop, but the Aviation Week AAM Stock Composite notched a 15.48% rise in a week shortened by one day for recognition of the new Juneteenth holiday in the U.S. Individually, the...
Michael Lavitt

Michael O. Lavitt, Director of Editorial Content Production for Aviation Week, has extensive experience in both traditional print and new media. He began his career as a reporter with daily newspapers, worked on developing online services in Chicago and New York in the mid-1980s and then joined Aviation Week & Space Technology as a news editor.

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