Defense Stocks Rally, Tech Retreats: Market Update

by

The S&P 500 (^GSPC +0.01%) closed the day like a CEO who’s been told to “take a seat” – barely moving, while the Nasdaq Composite (^IXIC 0.44%) dipped, probably because it’s still trying to figure out what it wants to be when it grows up. The Dow Jones Industrial Average (DJINDEX: ^DJI) smiled, thanks to defense stocks and snacks.

Market movers

Northrop Grumman (NOC +2.39%) had a moment, like that coworker who suddenly remembers they’re a “strategic leader” after a coffee. Lockheed Martin (LMT +4.38%) and RTX (RTX +0.91%) joined the party, while AI darlings Micron (MU 3.71%) and Zscaler (ZS 4.69%) got the “we’ll get back to you” email from investors.

What this means for investors

Defense stocks are the new office hotshots, thanks to Trump’s $1.5 trillion budget pitch. It’s like the stock market’s version of a mandatory team-building retreat – everyone’s suddenly “investing in the future.” Meanwhile, the Nasdaq’s tech sector is the one who brought a calculator to a party, worrying about “tailwinds” and “returns.”

Goldman Sachs (GS 0.66%) warned that the “good times” might be ending, which is basically the financial world’s version of “we need to talk.” Alphabet (GOOGL +1.04%) overtook Apple (AAPL 0.42%) in market cap, proving that even in the stock market, someone’s always the new kid on the block.

Nvidia (NVDA 2.09%) and Meta (META 0.34%) flinched, while Sandisk (SNDK 5.38%) and Micron took a step back. But hey, over five days, Sandisk and Micron both gained 40% and 15% – like the stock market’s version of a “I’ll show you who’s boss” moment.

📉

Read More

2026-01-09 01:37