Most of Wall Street drifts as defence companies rocket higher https://www.taxtmi.com/news?id=66824 Equity markets drifted while major defence contractors surged after the President proposed a significant military spending increase and signed an executive order directing the Pentagon to require contractor provisions preventing stock buybacks during periods of underperformance on government contracts; bond yields and oil prices also moved on mixed economic data and geopolitical developments. en-us Thu, 08 Jan 2026 20:46:04 +0530 Thu, 08 Jan 2026 20:46:04 +0530 TaxTMI RSS Generator Most of Wall Street drifts as defence companies rocket higher https://www.taxtmi.com/news?id=66824 Equity markets drifted while major defence contractors surged after the President proposed a significant military spending increase and signed an executive order directing the Pentagon to require contractor provisions preventing stock buybacks during periods of underperformance on government contracts; bond yields and oil prices also moved on mixed economic data and geopolitical developments. News - Thu, 08 Jan 2026 20:46:04 +0530 https://www.taxtmi.com/news?id=66824