U.S. stock markets opened lower with the Dow Jones Industrial Average down 0.3%, the S&P 500 slipping 0.05%, and the Nasdaq Composite declining 0.12%. In contrast, defense stocks saw gains following Trump's announcement of a 50% increase in the 2027 defense budget to $1.5 trillion. Lockheed Martin shares rose 6.66%, while Raytheon Technologies gained 2.55%. Meanwhile, the Nasdaq China Golden Dragon Index decreased by 0.37%.
U.S. Markets Dip as Defense Stocks Climb on Trump's Budget Proposal
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