SHLD is trading at $61.28, down 3.31%, as Democratic control of both congressional chambers raised concerns about tighter scrutiny of military spending and weaker contractor demand. - Lockheed Martin and Northrop Grumman fell at least 3% in morning trading, pressuring SHLD’s defense-heavy holdings. - Palantir, another major holding, was down about 5%. Broad markets rallied, so the decline reflected defense-sector weakness rather than a general industrials selloff.