Why RTX Corp Stock Is Sinking Today
Shares of RTX Corp (NYSE: RTX) are trading lower on Friday. The company's stock lost 2.8% as of market close but lost as much as 3.5% earlier in the day. The drop comes as the S&P 500 lost 0.1%, and the Nasdaq composite gained 0.4%.RTX, the defense giant formerly known as Raytheon, saw its stock impacted by comments made by President Trump on Thursday.President Trump, speaking from the White House on Thursday, told reporters that he would move to slash defense spending. The President said that he intended to meet with Russia and China in the future to reach an agreement to cut defense spending in half.Continue reading
Shares of RTX Corp (NYSE: RTX) are trading lower on Friday. The company's stock lost 2.8% as of market close but lost as much as 3.5% earlier in the day. The drop comes as the S&P 500 lost 0.1%, and the Nasdaq composite gained 0.4%.
RTX, the defense giant formerly known as Raytheon, saw its stock impacted by comments made by President Trump on Thursday.
President Trump, speaking from the White House on Thursday, told reporters that he would move to slash defense spending. The President said that he intended to meet with Russia and China in the future to reach an agreement to cut defense spending in half.
