Mmastodon WorldDefense first seen 7 h ago, last 3 h ago, peak #1

Defense stocks tumble on election fears

Original: Hopeful: Defense stocks tumbled this week, reportedly on fears that # Democrats are going to win... & # Trump 🚨isn't goi

Defense stocks fell this week amid reports that investors fear a Democratic election win could block the $500 billion increase in military spending Donald Trump has requested. Commenters noted the likely impact on contractors such as Raytheon, with some expressing hope that a spending boost would be shelved and others speculating on what happens if a major military budget increase still goes through.

Why now: US election uncertainty is moving defense sector share prices and sparking debate over future military budgets.

Donald TrumpDemocratsRaytheon

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Rank over time, top of the chart is #1. 4 snapshots from 7 h ago to 3 h ago.

Evidence

• Hopeful: Defense stocks tumbled this week, reportedly on fears that # Democrats are going to win... & # Trump 🚨isn't going to get the $500B increase in # military spending: he's asked for. Will no one think of poor old Raytheon? Even on the off chance:🚨Trump does get a MIL… · KimPerales@toad.social · 2

API: https://socialmediatrends-api.osmike.com/v1/trends/3129905