US Stock Market Move | Middle East geopolitical conflict escalates, defense sector stocks rise across the board before market opening.
On Monday, the defense sector rose across the board before the market opened. As of the time of writing, Raytheon Technologies (RTX.US) was up nearly 6% and Lockheed Martin (LMT.US) was up over 5%.
The attack on Iran has escalated political conflicts in the Middle East, on Monday, the defense sector saw a pre-market increase. As of the time of writing, Raytheon Technologies (RTX.US) rose nearly 6%, Lockheed Martin Corporation (LMT.US) rose over 5%, L3Harris Technologies (LHX.US) rose over 3%, General Dynamics Corporation (GD.US) rose over 2%. It is reported that Raytheon Technologies, as one of the world's largest aerospace and defense companies, mainly focuses on missile defense systems and military technology supply; Lockheed Martin Corporation is a global security and aerospace company, its core business covers missiles and fire control systems, aviation, and space fields, and it holds a leading position in the defense equipment industry directly benefiting from the escalation of conflict.
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