'War is good for business.' That's what one defense executive said at a London arms conference last month, and what the stock market reflected on Monday, as Israel blockaded and bombarded the Gaza Strip—bombing the occupied Palestinian territory's main university, residential buildings, a refugee camp, and a major hospital—in response to Hamas' weekend attack that killed hundreds of Israelis. The United States, which already gives Israel $3.
'Less than two months after Russia's invasion last year, William Hartung, a senior research fellow at the Quincy Institute for Responsible Statecraft, highlighted how such conflicts benefit the arms industry, writing for TomDispatch that 'the war in Ukraine will indeed be a bonanza for the likes of Raytheon and Lockheed Martin.
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U.S. stocks open lower after Israel-Hamas war eruptsChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
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Cybersecurity Stocks With Ties to Israel Are Under Pressure as War UnfoldsThe country is home to 33% of the world's unicorns in cybersecurity, the Israel National Cyber Directorate said last year.
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Surging aerospace and defense stocks lift these ETFs as investors monitor Israel-Hamas warThe iShares U.S. Aerospace & Defense ETF is climbing Monday as Lockheed Martin soars
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Israel war boosts Lockheed Martin, Northrup Grumman, other defense stocksNorthrop Grumman, Lockheed Martin and other defense stocks rose on speculation the attack on Israel by Hamas terrorists that left thousands dead will boost demand for weapons.
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Market strategist cautions that war is inflationary, says buy energy and defense stocks'The event supports one of our most high conviction investment themes – deglobalization and its likely impact on inflation,' said Strategas' Jason Trennert.
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Stock market today: Oil prices and defense stocks climb after Israel declares war on HamasPresident Biden, his cabinet and bipartisan members of Congress are all vowing support for one of the U.S.' closest allies.
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