Defense stocks surge
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President Donald Trump is proposing setting U.S. military spending at $1.5 trillion in 2027, citing “troubled and dangerous times.”
It is a rare presidential strike at Wall Street norms that sent defense stocks lower and signaled sweeping changes for America’s military-industrial complex.
When dealing with public money “the public should be able to impose whatever restrictions they want on you,” Luckey said.
President Donald Trump caused some commotion for investors in U.S. defense contractors this week. First, Trump criticized the companies for taking too long to produce military equipment and also failing to maintain it while at the same time paying out billions in dividends and stock buybacks to investors.
Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipped, while defense companies advanced after President Donald Trump called for an enlarged $1.5 trillion military budget.
The review is to "ensure standards are met and the United States maintains the most lethal military," DOD press secretary Kingsley Wilson said
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose.
The US raid on Venezuela and tensions over Donald Trump’s plans for Greenland have refocused attention on global military spending, handing fresh impetus to Europe’s rallying defense stocks.
It's a splashy defense, but it's unreliable. The Bears allowed more yards and points during the regular season than any other playoff team.