Lockheed Martin rose more than 1.5% as the U.S. government considers the possibility of holding shares in defense companies.

Lockheed Martin rose more than 1.5%, closing at $454.61. On the news front, Commerce Secretary Lutnick stated that the government is exploring the possibility of holding stakes in companies in the defense sector and other industries. Lutnick specifically mentioned Lockheed Martin, stating that the majority of the company's revenue comes from the US government.