Defense stocks drop after Trump says Pentagon spending could be halved

Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.

KEY POINTS

Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.

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114 comments

Realistically speaking... Is anything gonna happen?

Fuckers are just gonna invest as always, capitalism knows no morals.

114 comments