BUZZ-Defense, government contractor stocks extend recent slide as investors eye DOGE
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Shares of defense and government contractor stocks are experiencing a decline, with General Dynamics down 1.4% and other firms like Lockheed Martin and Northrop Grumman also falling. Concerns about the potential impact of the Department of Government Efficiency (DOGE) under a second Trump administration are driving this trend, as analysts warn of possible budget cuts and policy changes that could affect contractor earnings. The S&P 500 Aerospace & Defense index dropped 3.6% recently, reflecting increased uncertainty in the sector.
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