US Military Stocks Experience a $100 Billion Wipe Out in 2023
Leading US military stocks are experiencing a rout in the markets due to the ongoing Israel and Palestine conflict. While wars make the industrial military complex earn billions due to the sale of equipment, the average day-to-day investors avoid defense stocks in fear of further escalations. Recent data shows that the US military stocks have lost the most this year with an outflow of nearly $100 billion in 2023. Also Read: BRICS: Traders Call Out India for Meddling in US Dollar & Rupee Trade While defense and weapon manufacturing giants thrive during conflicts, the average investor is placed at the receiving end. The stock markets are the first to fall during conflicts erasing billions worth of investments in a jiffy. The US military stocks are now walking on a tightrope as the Israel and Palestine conflict ignited a war. $100 Billion Wiped Out From US Economy’s Military Stocks in 2023 Source: TheHill / AP Photo/Seth Wenig, File The latest data acquired by Finbold...