Defense Stocks Tumble as Anxieties Ripple Through US Market

[tekisui]

http://money.cnn.com/news/newsfeeds/articles/apwire/6cfc7b3892873291fd3df9a7b7bbd75a.htm


NEW YORK (Associated Press) - Defense stocks led by Boeing Co. tumbled Wednesday afternoon as anxieties over the financial sector rippled through the U.S. market even after the government agreed to bail out insurer American International Group Inc.

Chicago-based aerospace manufacturer Boeing declined $4.84, or 8 percent to $56.74, after earlier hitting a new 52-week low of $56.69. The stock has traded between $60.16 and $107.15 over the past year.

Only a day after Wall Street regained some of Monday's steep losses, the Dow dropped more than 350 points. Broader stock indicators also fell.

Here's how some stocks of the defense companies are trading:

Northrop Grumman Corp., down $1.70, or 2.5 percent, to $66.24.

Textron Inc., down $3.08, or 8.7 percent, to $32.43.

Precision Castparts Corp., down $9.32, or 9.6 percent, to $89.20.

Rockwell Automation Inc., off $2.23, or 5.7 percent, to $36.61. Top of page

[Tandalayo_Scheisskopf]

1. Fuck 'em.

Let 'em miss some meals like us at the bottom of the food chain.

I wouldn't piss up their collective ass if their guts were on fire.

[tekisui]

2. I couldn't have said it better...

:thumbsup:

[Oregone]

3. On no...the safest place to invest. There goes everyone's retirement....

"Drill baby drill" will soon be replaced with a desperate "War, Baby, War"