President Joe Biden said Thursday that the world is at an “inflection point in history” as he urged Congress to approve billions of dollars of military aid for Israel and Ukraine.
Markets are on edge as the Israel-Hamas conflict continues. European stocks started Friday on the back foot, but two defense stocks– BAE Systems and Rheinmetall –were among the few risers. There were also early gains for U.S. defense stocks in premarket trading– General Dynamics was up 0.8%, while Lockheed Martin edged 0.2% higher. The SPDR S&P Aerospace & Defense exchange-traded fund climbed 1.8% in after-hours trading Thursday.
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