The Marked Chart Wire · Markets
Defense Spending
Defense stocks fall as investors doubt Trump's $500 billion spending plan
The iShares Aerospace & Defense ETF dropped 16 percent from July to mid-October while the S&P 500 rose 3.5 percent. Lockheed Martin, Northrop Grumman and L3Harris fell 20 to 36 percent from their March peaks as Democrats may block the spending increase.
