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Sector Update: Aerospace & Defense Stocks Drag On Market
10/2/2013 12:09:00 PM
By: MT Newswires
Aerospace and Defense stocks (SPSIAD) are down on average 1.24%, versus the broader Dow market, which is down 0.55% (DJI). But year-to-date these stocks have outperformed the general market, gaining 35% vs the Dow's YTD advance of 21%.
Stocks seeing the most weakness include Lockheed-Martin Corp ( LMT ) down 2.5% at near $124.50 despite company news that several cyber security programs see significant advancements; Spirit AeroSystems Holdings, Inc ( SPR ) down 1.7% at near $24.30 per share; and General Dynamics ( GD ) down 1.7% at $87 per share.