Singapore markets closed
  • Straits Times Index

    3,111.65
    +18.85 (+0.61%)
     
  • Nikkei

    26,491.97
    +320.72 (+1.23%)
     
  • Hang Seng

    21,719.06
    +445.19 (+2.09%)
     
  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     
  • BTC-USD

    21,344.33
    +223.96 (+1.06%)
     
  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     
  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     
  • Dow

    31,500.68
    +823.32 (+2.68%)
     
  • Nasdaq

    11,607.62
    +375.43 (+3.34%)
     
  • Gold

    1,828.10
    -1.70 (-0.09%)
     
  • Crude Oil

    107.06
    +2.79 (+2.68%)
     
  • 10-Yr Bond

    3.1250
    +0.0570 (+1.86%)
     
  • FTSE Bursa Malaysia

    1,436.70
    +5.65 (+0.39%)
     
  • Jakarta Composite Index

    7,042.94
    +44.67 (+0.64%)
     
  • PSE Index

    6,217.56
    +152.33 (+2.51%)
     

Why Lockheed Martin, General Electric, and Qiwi Stocks Popped Today

·3-min read
Why Lockheed Martin, General Electric, and Qiwi Stocks Popped Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

At approximately 10 p.m. Eastern Wednesday night, Russian military forces launched an all-out assault on their neighbor Ukraine. Russia's move sparked a sell-off in Russian stocks yesterday -- but an equal and opposite surge in the stock prices of U.S. defense stocks. As of 3:15 p.m. ET Friday, as the war continues to wage across Ukraine, shares of U.S. defense stocks Lockheed Martin (NYSE: LMT) and General Electric (NYSE: GE) continue to move higher, up 3.5% and 3.9% respectively -- but Russian electronic payments company Qiwi (NASDAQ: QIWI) is up even more, rising 9.5%.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting