Defense stocks drop after Trump says defense spending could be halved
1. Trump suggested cutting defense spending by half, affecting defense stocks. 2. Lockheed Martin, Northrop Grumman, and General Dynamics saw declines. 3. The comments made before a potential defense spending conference with China and Russia. 4. Mixed messages on military spending could lead to market uncertainty. 5. Defensive policies discussed may influence future defense contracts and budget allocations.