Jul. 7 at 6:33 PM
$EUAD An exchange-traded fund that invests in aerospace and defense stocks in Europe was rising sharply Monday even as the U.S. stock market broadly fell, adding to its massive 2025 jump.
The Select STOXX Europe Aerospace & Defense ETF was rallying 1.7% in early afternoon trading, while the iShares U.S. Aerospace & Defense ETF rose 0.2%, according to FactSet data, at last check. By contrast, the S&P 500 was down 0.9% on Monday afternoon.
Analysts at JPMorgan Chase & Co. said in a global equity strategy note Monday that they were maintaining their longstanding overweight on aerospace and defense, citing the need for European countries to keep increasing spending. “A potential ceasefire in Ukraine could provide a temporary volatility in the sector, but one that should likely be added into,” the analysts wrote.
