Against the backdrop of the Iran-Iraq conflict, due to a surge in military equipment demand, U.S. defense stocks rose sharply. Northrop Grumman Corporation (NOC) stock increased by 6%, closing at $768; RTX (RTX) stock rose by 4.7%, reaching a new annual high of $212; Lockheed Martin Corporation (LMT) stock increased by 3.37%, reaching $676. Analysts believe that as geopolitical tensions drive increased military spending, this rally could continue.

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