r/PublicFreakout • u/SpriteSilver6 • Oct 01 '24

🌎 World Events Missile impacts in Israel

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u/SpiritOfFire013 Oct 01 '24

I work for a major brokerage firm here in the US, and something interesting happened today. The markets are down, greatly in part to the tensions in the Middle East. Yet, while most everything is down, the defense sector is up. Lockheed, Northrop, Raytheon, and others recorded new 52 week highs today. War is making the rich richer, go figure.

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u/whosewhat Oct 01 '24

There’s a massive port strike going on in the U.S. which I believe is the biggest impact here, from Maine down all the way to Texas

1

u/mr_potatoface Oct 01 '24

With looming wars, it's fair to assume they're going to be ordered back to work in some capacity as the railroad workers were ordered back to work when they tried to strike.

2

u/proletariatwoodcutta Oct 01 '24

yeah, by a politician claiming to be 'for the working man' every time an election comes up.