Defense Stocks Sink as Democrats Win Control of Congress
Lockheed Martin fell 6.4% on a day the Dow jumped 3%, as investors bet on a push to end the Iran war.
Conservative news from the nation’s capital
Lockheed Martin fell 6.4% on a day the Dow jumped 3%, as investors bet on a push to end the Iran war.
Lower crude was the fuel behind the Dow's record-setting rally, and good news for drivers heading into the holidays.
Wall Street cheered the end of election uncertainty after Democrats won Congress, and plunging oil prices added fuel.
The S&P 500 rose 0.4% even though most of its stocks fell, as Nvidia, AMD and Broadcom led a tech rebound and Apple disappointed.
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