Defense stocks were already outperforming. How the Iran conflict changes their outlook
The escalating conflict in the Middle East could lead to higher military spending by the U.S. and its allies.
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- Israel-Iran live updates: U.S. strikes failed to destroy 'core pieces' of Tehran's nuclear program, intel report saysA ceasefire agreed to by Israel and Iran appears to be holding after it was announced by President Donald Trump.
- China doubles down on promoting yuan as confidence in U.S. dollar takes a beatingFrom expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
- Asia-Pacific markets open higher as investors weigh Fed comments, Israel-Iran ceasefireInvestors will be keeping an eye on Australia's inflation data for May.
- S&P 500 futures are little changed as index nears all-time high: Live updatesStocks finished Tuesday's session in the green, bringing the S&P 500 closer to its record.
- NATO wants allies to spend 5% of GDP on defense: This chart shows how hard it could beNATO allies have reportedly agreed to hike their defense spending to 5% of gross domestic product (GDP) by 2035. One chart shows what a big ask that is.
- Was it all 'just a big show?' Anxiety, frustration and hope for Middle East residents as Trump brokers fragile ceasefireMany across the region describe the attacks of Monday night as a choreographed show — but anxiety remains.