U.S. Defense Stocks Surge Nearly $30 Billion After Hamas Attack—Don’t Count On It Lasting, Analysts Say

Wall Street has pumped money into the defense sector following the largest military escalation in years out of Israel, with the iShares U.S. Aerospace & Defense ETF up 6% since Friday, headlined by Lockheed Martin and Northrop Grumman’s strongest stock gains in more than three years.