US defence stocks tumble as investors bet on Democratic election sweep

Defense stocks in the US have taken a hit as investors anticipate a potential Democratic sweep in the upcoming elections, which could impact President Trump's proposed $500 billion increase in military spending. The shift in political control might lead to a reconsideration of the budget, as bipartisan support for the increase appears to be waning. This development is significant because it could reshape the defense policy landscape and affect major defense contractors. For those invested in these companies, the election outcome might signal a volatile period ahead.