US Stocks Drift Amid Mixed Data; Defense Companies Surge on Spending Plans
20 hours agoBusiness
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US Stocks Drift Amid Mixed Data; Defense Companies Surge on Spending Plans

US stock indexes showed mixed movement early Thursday, with the S&P 500, Dow Jones, and Nasdaq composite experiencing slight declines. This drift occurred despite mixed economic data, including a rise in unemployment claims but also improved worker productivity and a shrinking trade deficit. Notably, defense company stocks, such as Northrop Grumman and Lockheed Martin, surged significantly following President Trump's call for a sharp increase in military spending to $1.5 trillion by 2027.

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