Lates News

In response to the escalating conflict in the Middle East following the wave of attacks on Iran by the United States and Israel last weekend, American defense stocks surged in pre-market trading. Lockheed Martin's futures rose by 7.1% and Raytheon Technologies rose by 6.5%. Northrop Grumman also rose by 5% in pre-market trading. These increases followed the upward trend of European defense stocks as investors anticipate the prolonged nature of the conflict in the Middle East. Lauren Hyslop of Mattioli Woods wrote, "The broader regional conflict is a tail risk that no one wants to price in, but cautious investors must at least acknowledge that. As always, the key variable is timing."