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[Breaking] U.S. Aerospace and Defense Stocks Decline Across the Board Ahead of FOMC... Boeing Down 3.20%, SpaceX Down 3.18%

As of 10:53 p.m. Korean time on the 29th, U.S. aerospace and defense-related stocks are broadly weaker. With the U.S. Federal Open Market Committee's (FOMC) int

Oseong Kwon
Staff Reporter
2 min read
[Breaking] U.S. Aerospace and Defense Stocks Decline Across the Board Ahead of FOMC... Boeing Down 3.20%, SpaceX Down 3.18%
CBC News

As of 10:53 p.m. Korean time on the 29th, U.S. aerospace and defense-related stocks are broadly weaker. With the U.S. Federal Open Market Committee's (FOMC) interest rate decision looming, wait-and-see sentiment is spreading across the broader market, drawing selling pressure into large-cap aerospace stocks.

As of this time, SpaceX fell 3.18%, recording a relatively steep decline, while Boeing dropped 3.20%. GE Aerospace and RTX declined 2.23% and 1.07%, respectively.

Representative defense stocks also failed to escape the downward trend. Lockheed Martin fell 1.00%, Parker Hannifin dropped 2.04%, Howmet Aerospace declined 2.12%, and TransDigm Group slipped 1.88%. The overall contraction in investor sentiment is reflected across the entire sector.

Market attention is focused on the FOMC outcome today. This is because stock market volatility centered on tech stocks and interest rate uncertainty persist. There is speculation that differentiated trends among individual stocks will continue depending on future changes in interest rates and the macroeconomic environment.

[※ This article is for reference in making investment decisions and does not constitute a recommendation to buy or sell any specific stock.]

Oseong Kwon
Staff Reporter

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