[Peace-discuss] Enthusiasm for weapons

[Szoke, Ron]

Defense stocks rocket higher as Trump victory, GOP sweep spur spending hopes

Wall Street Journal  MarketWatch  11/9/16

By
TOMI KILGORE<http://www.marketwatch.com/topics/journalists/tomi-kilgore>

Defense stocks surged Wednesday, with a number of them running up to record highs, as Donald Trump’s election victory and the Republican sweep of Congress spurred hopes of increased spending.
  The iShares U.S. Aerospace & Defense exchange-traded fund ITA, +0.60%<http://www.marketwatch.com/investing/fund/ita?mod=MW_story_quote>  powered up 4.3% to a record close, with 34 of 37 equity components trading higher. That outperformed the broader stock market, as the S&P 500 index SPX, -0.27%<http://www.marketwatch.com/investing/index/spx?mod=MW_story_quote>  rose 1.1% and the Dow Jones Industrial Average DJIA, -0.02%<http://www.marketwatch.com/investing/index/djia?mod=MW_story_quote>  tacked on 1.4%. See Market Snapshot<http://www.marketwatch.com/story/dow-futures-plunge-500-points-but-pare-losses-as-trump-closes-in-on-us-presidency-2016-11-09>.
   Among the companies with the largest market capitalizations, shares of Northrop Grumman Corp. NOC, +0.49%<http://www.marketwatch.com/investing/stock/noc?mod=MW_story_quote>  surged 5.4%, General Dynamics Corp. GD, +0.29%<http://www.marketwatch.com/investing/stock/gd?mod=MW_story_quote>  ran up 5.4% and Raytheon Co. RTN, -0.14%<http://www.marketwatch.com/investing/stock/rtn?mod=MW_story_quote>  climbed 7.5%, with closing at all-time highs.

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