Trump Mount Rushmore Speech Sparks 4.62% Defense Stock Rally
NOC•Northrop Grumman shares climbed on July 4 after President Trump’s Mount Rushmore speech energized defense sentiment, mirroring a 4.62% surge in Lockheed Martin stock. The rally lifted the defense sector as the Dow rose 1.14% and the VIX slipped 2.11% while the S&P 500 closed at 7,483.24.
1. Presidential Speech Boosts Defense Stocks
On July 4, President Trump’s address at Mount Rushmore emphasized defense prominence ahead of the midterms, triggering optimism across military contractors. Northrop Grumman shares climbed in lockstep with Lockheed Martin’s 4.62% gain, as investors sought exposure to firms poised for increased government spending.
2. Broader Market Impact
The defense-led surge helped lift the Dow by 1.14%, while the S&P 500 finished flat at 7,483.24. Volatility eased, with the VIX dropping 2.11%, even as the Nasdaq composite fell 0.80%, underscoring sector-specific strength.
