In the Margins

Defense industry ETFs fall on Trump Lockheed tweet

December 13, 2016

By MarketWatch

Exchange-traded funds tracking the defense industry suffered their biggest one-day decline in months on Monday after a tweet from President-elect Donald Trump prompted turbulence in Lockheed Martin Corp. The company's stock tumbled 4.5% after Trump tweeted that costs for the Lockheed-made F-35 stealth fighter were “out of control." Read the original story from MarketWatch.

 

 

Most Read

A Seat at the Table
We've had A Seat at the Table — for 10 years

The very first independent chair we profiled for FBV was Leigh Wilson at Victory Funds, for our A Seat at the Table section. Victory Capital Management had recently redefined itself ...