Stock Market Update
22-Apr-25 10:55 ET
Defense stocks take a hit
Dow +744.51
at 38914.92,
Nasdaq +338.11
at 16209.00,
S&P +99.16
at 5257.38
[BRIEFING.COM] The stock market continues to operate with a steady bid, as the indices hover near their best levels of the morning. Thus far, there has been no concerted effort to sell into the strength.
Every sector is higher, so in terms of measuring weakness today, it is a case of looking at which sectors are up the least. That would be industrials (+1.1%) and health care (+1.5%).
The industrials sector is being held back, in relative terms, by weakness in the defense stocks following earnings reports this morning from Northrop Grumman (NOC 471.84, -59.49, -11.2%), Lockheed Martin (LMT 446.22, -12.12, -2.6%), and RTX Corp. (RTX 115.35, -10.77, -8.6%).
