Finance
Budget Fears Weigh on Defense Stocks Ahead of Hegseth Testimony
Two months after the Iran war began, euphoria around US defense stocks has faded as investors worry a rally that pushed shares to all-time highs went too far, too fast, and that a massive boost to the defense budget is unlikely.
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Bloomberg
April 28, 2026·1 min read
Image: Bloomberg
Two months after the Iran war began, euphoria around US defense stocks has faded as investors worry a rally that pushed shares to all-time highs went too far, too fast, and that a massive boost to the defense budget is unlikely.
Original article
Budget Fears Weigh on Defense Stocks Ahead of Hegseth Testimony
Published by Bloomberg