Defense Stocks Hit All-Time Highs Amid Middle East Escalation
In a predictably grim phenomenon tied to outbreaks of global violence, aerospace and defense stocks climbed to record prices in an otherwise down day for the stock market, as Wall Street reacted to the latest escalation in the Middle East by anticipating larger contracts for military suppliers.
Stocks were weathering a new round of attacks in the Middle East early Friday, attempting to claw back some of Thursday’s declines. Israel targeted Hezbollah leaders in heavy airstrikes in Beirut.
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Crude prices jumped on worries about worsening tensions in the Middle East, while U.S. stocks pulled back further from their ...
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Traders are looking ahead to the Friday jobs report, which should give more insight into the strength of the economy and the ...
Japanese stocks jumped and the yen fell on Thursday as the risk of further tightening in monetary policy this year faded, ...
Middle East tensions, the port strike and the upcoming election make a case for cautious trading in October, say analysts ...
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