Defense Stocks Underperform Amid Geopolitical Uncertainty and Earnings Concerns
Defense stocks have underperformed since the escalation of the U.S.-Iran conflict, with the iShares U.S. Aerospace & Defense ETF (ITA) falling 12% since March. This decline contrasts with the S&P 500's 3.5% gain over the same period. Weak earnings reports and concerns about future U.S. defense spending have contributed to the sell-off.
Topics: defense stocks earnings reports ETF performance market sentiment U.S.-Iran conflict