Oil and Defense Stocks Move; Newmont Jumps; US Steel Concerns
On this episode of Stock Movers: - Raytheon (RTX) is higher this morning along with other defense stocks on the S&P as geopolitical tensions rise over Israel's strikes on Iran. It launched airstrikes against Iran’s nuclear program and ballistic-missile sites renewed a standoff between two adversaries that risks spiraling into a wider conflict. While the reaction was strongest in crude oil, other pockets of the market suggested that investors are watching how long the tensions will last and whether the situation escalates. - Chevron (CVX) shares are higher this morning as Israel strikes…
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