Stock Market Update
28-Jan-25 11:30 ET
Defense-related stocks respond to earnings
Dow +208.56
at 44922.20,
Nasdaq +192.55
at 19616.29,
S&P +23.17
at 5953.51
[BRIEFING.COM] The three major indices trade below session highs, maintaining gains. The S&P 500 is 0.4% higher.
Defense-related names RTX (RTX 128.86, +3.77, +3.0%) and Boeing (BA 182.92, +7.76, +4.4%) are up nicely after reporting quarterly results. The former had above-consensus earnings and revenue, along with in-line FY25 EPS guidance and below-consensus revenue guidance. The latter reported worse-than-expected earnings and revenues that were in-line with last week's guidance.
Fellow defense-related company Lockheed Martin (LMT 465.98, -37.71, -7.5%) shows a sharp decline after quarterly results that featured below-consensus FY25 EPS guidance.
