Defense Budgets, Stocks Head In Opposite Directions

Credit: Reuters/Landov FIle Photo
The automatic U.S. budget cuts known as “sequestration” went into effect on March 1, but the sky has not fallen as far as investors and traders are concerned. There is no pure defense stock-price index but shares of the largest U.S. defense primes have outperformed both the S&P 500 and Dow Jones...

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