Kevin Miller-CNN Money: Defense Stocks Pop After Trump’s North Korea Nuclear Rhetoric
The war of words between North Korea and the United States had many traders on edge Wednesday. But investors in defense stocks were profiting even as the broader market fell.
Shares of several companies that have big contracts with the U.S. military rose after President Trump warned that North Korea would face “fire and fury” if it did not back down from threats to use nuclear weapons against the U.S.
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