Stock Market Update
15-Oct-25 15:35 ET
Defense stocks slip as Trump administration may ask them to scale back buybacks
Dow +14.79
at 46285.04,
Nasdaq +168.45
at 22690.17,
S&P +31.67
at 6675.97
[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+0.8%), and DJIA (+0.1%) remain seated with modest gains as the market enters the final half hour of the session.
The broader market is poised for a mostly higher finish, with only the industrials (-0.4%), materials (-0.2%), and financials (-0.1%) holding modest losses.
Defense stocks continue to weigh down the industrials sector after Treasury Secretary Scott Bessent suggested that the Trump administration may ask defense contractors to scale back stock buybacks in favor of increased research and development spending to support national security.
The iShares U.S. Aerospace and Defense ETF is down 1.2%.
