Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:
- US energy and defense stocks jump in premarket trading while airline shares fall, as the eruption of war in the Middle East roils global markets following US and Israeli attacks on Iran.
- Major energy companies saw strong gains across Asia and Europe Among US premarket gainers: Exxon Mobil +5.4%, Chevron +4.1%, APA +7.9%, Occidental Petroleum +6.6%, EQT +4.5%
- Defense stocks have rallied over the past year as global tensions ratcheted higher, and new conflict in the Middle East gives traders another reason to invest in the sector
- The increase in oil prices can raise fuel costs and squeeze margins for airlines, while the conflict also upends global travel
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