🔴 Industrials ETF (ROKT) is trading 3.1% down on November 4 as defense spending scrutiny pressures contractors

ROKT is trading at $100.00, down 3.14%, as concern that defense spending could face tighter scrutiny weighs on contractors.

• Democrats’ control of both chambers prompted the concern, weighing on ROKT holdings Lockheed Martin, Northrop Grumman and RTX.
• The move appears ROKT-specific rather than a broad industrials selloff: XLI rose 1% in reported sector trading. Forum Energy Technologies, ROKT’s largest listed position, was also sharply lower in the holdings snapshot.