US defence stocks tumble as investors bet on Democratic election sweep

🇺🇸 Financial Times (US) —

AI Summary

US defense stocks fell as investors assessed the possibility of a Democratic sweep in the upcoming election. The prospect of Donald Trump's proposed $500 billion military spending increase has weakened amid fading bipartisan support for a larger defense budget.

Donald Trump’s proposed $500bn military spending boost at risk as bipartisan support for higher budget frays

World Security Politics Markets US defense stocks election Democrats Donald Trump military spending defense budget

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