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Institutional Owners May Consider Drastic Measures as General Dynamics Corporation's (NYSE:GD) Recent US$3.5b Drop Adds to Long-term Losses
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Is DOGE swinging a big knife toward the Pentagon? Trump threatens to cut military spending in half, causing U.S. defense stocks to be "greatly alarmed."
① Trump stated on Thursday that the USA may cut defense spending in half at some point in the future; ② His remarks caused a significant drop in US defense stocks; ③ It is noteworthy that Trump has sent conflicting messages about military spending during the 2024 campaign and the early period of his presidency.
Trump hinted that USA's defense spending would be cut in half, leading to a corresponding decline in defense stocks on the US stock market.
US President Donald Trump stated that the USA might significantly reduce defense spending, which subsequently caused a sharp drop in defense stocks on the US stock market.
Defense Stocks Slide After Trump's Comments on Spending Cuts
Michael walters : bksy