🟢 Defense ETF (XAR) is trading 3.06% up on November 6 after Thursday’s steep selloff

XAR is trading at $220.79, up 3.06%, as it rebounds after Thursday’s steep selloff.

• Improved risk appetite followed October’s report: 165,000 jobs added versus 65,000 expected.
• Defense-budget uncertainty remained a headwind amid investor concern that a Democratic-led Congress could scrutinize the proposed $1.5 trillion fiscal 2027 defense budget.
• Firefly’s $1.3 billion engine deal with AST SpaceMobile lifted those shares, but evidence does not identify it as XAR’s main driver.