🔴 Lockheed Martin is trading at 4.6% down today as $1.5 trillion defense budget faces hurdles

Lockheed Martin is trading 4.62% lower at $605.60 as investors worry Democratic control of both chambers could make the proposed $1.5 trillion defense budget harder to pass.

• The concern could constrain funding for military contractors.
• Reuters reported Lockheed Martin and peers fell over 3% premarket; Barron’s also linked the drop to spending concerns.
• The supplied price context shows the decline has deepened during the session, despite broad U.S. markets rising.