Why General Dynamics, Textron, and Northrop Grumman Shares Are All Up Today
On Wednesday night, the U.S. Senate passed its Coronavirus Aid, Relief, and Economic Security Act (or CARES Act), and by Friday, this $2 trillion stimulus package could sail through the House of Representatives as well. Then, in the final step, President Trump has promised to sign the bill into law immediately.
Defense stocks General Dynamics (NYSE: GD), Textron (NYSE: TXT), and Northrop Grumman (NYSE: NOC) are soaring in response, up 9%, 9.6%, and 10.7%, respectively, as of 12:30 p.m. EDT today.
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Source Fool.com
