Raytheon Technologies rose slightly, Procure Space ETF fell by over one percentage point, Momentus fell by nearly five points, and Red Cat fell by two points😔
Defense / Aerospace divergence — large caps are holding steady, while small-cap aerospace / drone stocks are under pressure. Large defense stocks are typically stronger during macro uncertainty, but small-cap aerospace has a clear "milestone-dependent" characteristic, leading to gradual declines without news.
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