Budget Fears Weigh on Defense Stocks Ahead of Hegseth Testimony
Two months after the Iran war began, euphoria around US defense stocks has faded as investors worry a rally that pushed shares to all-time highs went too far, too fast,...
By Arvelisse Bonilla Ramos · Bloomberg Markets
Two months after the Iran war began, euphoria around US defense stocks has faded as investors worry a rally that pushed shares to all-time highs went too far, too fast, and that a massive boost to the defense budget is unlikely.