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.
    • MrEff@lemmy.world
      153·
      5 days ago

      I was already going hard on AI stock, then day of inauguration when he sent the clear message of where tech companies stand in running this country I dumped ALL investment money into AI stock. If I have to live in this hellscape I better at least get to retire in it.

      • abrake@lemmy.world
        27·
        5 days ago

        My brother, have you heard about the benefits of diversification? If you want to retire at all, don’t put all your eggs in one basket.