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A massive policy shift just sent an unexpected signal to income investors. Some of the biggest winners from Trump's defense budget proposal may not be who everyone thinks they are. My portfolio was built for this, and the market hasn't noticed yet.
S&P 500 (^GSPC +0.01%) finished almost flat at 6,921.46, the Nasdaq Composite (^IXIC 0.44%) declined 0.44% to 23,480.02 on tech weakness, while the Dow Jones Industrial Average (DJINDEX: ^DJI) gained 0.55% to 49,266.11 as defense and staples outperformed.
Dow Jones and S&P 500 hold record highs as defense stocks surge 5% on Trump's $1.5T military budget. Energy leads sectors up 2.5% while tech lags today.
U.S. defense companies came under fire from President Donald Trump this week, after he pledged to block them from paying dividends or buying back shares until they accelerated production.
Last night, President Donald Trump called on Truth Social for the U.S. military budget to increase to $1.5 trillion in 2027, citing "very troubled and dangerous times.
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