Macro$LMT $RTX5:20 PM ETdeveloping · v2

Defense stocks slide after Democrats win Congress, spending fears mount

By BORSA NewsroomPublished Nov 3, 2026, 5:20 PM ESTUpdated Nov 3, 2026, 5:20 PM EST

Lockheed Martin, Northrop Grumman and RTX Corp each fell more than 2% premarket. European peers also dropped. Analysts say Democratic majorities could constrain military spending.

Sentimentbearish 30

Bearish · 30 of 100

Impact60

medium · sector-wide

Confidence85%

high confidence · 2 wires

Eventdeveloping

v2 · alerted to followers

WHAT WE KNOW

Democrats won majorities in both chambers of Congress
Lockheed Martin, Northrop Grumman, RTX Corp each down more than 2% premarket