U.S. stocks retreated Friday as geopolitical tensions erupted following Israel's surprise airstrike on Iranian nuclear sites, sparking a sharp rally in oil and gold.
A number of stocks jumped in the pre-market session after Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East.
Investors eyeing defense and cybersecurity stocks as Middle East tensions rise. Lockheed Martin, Raytheon, and Elbit Systems see spikes. Cybersecurity firms also on high alert.
Shares of Lockheed Martin, RTX, and other defense companies rose after Israel struck over 100 targets in Iran, while travel stocks fell on concerns around the rising cost of crude oil.
In response to Israel's recent strikes on Iranian nuclear sites, President Donald Trump issued a stern warning to Iran, urging them to negotiate or face dire consequences.
Shares of defense stocks Rtx Corp (NYSE: RTX), Lockheed Martin Corp (NYSE: LMT) and General Dynamics Corp (NYSE: GD) climbed 4.6%, 4.2% and 1.2%, respectively during Friday pre-market trading session amid Israel's intensifying military operations in Lebanon and Iran.
Speaking at the Bernstein Strategic Decisions Conference, Calio said the strike at Pratt’s Connecticut facility hampered the company’s ability to ship jet engines.
President Donald Trump once again revived his long-simmering "Golden Dome" missile defense idea, this time bringing Canada into the fold, but with a provocative condition.
In a recent development, North Korea's foreign ministry has expressed strong disapproval of the U.S. Golden Dome missile defense shield project, terming it a "very dangerous threatening initiative," as per state media KCNA news agency.
Republican senators are mounting resistance to President Donald Trump's sweeping "One Big Beautiful Bill," citing deficit increases and insufficient spending cuts as the $3.8 trillion package faces uncertain Senate passage despite narrow House approval.
Sen. Elizabeth Warren (D-Mass.) accused billionaires Jeff Bezos and Elon Musk of celebrating after House Republicans passed President Donald Trump's sweeping tax legislation, calling it the "greatest transfer of wealth from the poor to billionaires" in U.S. history.
BlackRock introduces IDEF, an actively managed ETF focused on defense and security investments amidst rising global tensions and military expenditures.
