[lit-ideas] The Patriots of Wall Street
- From: "Andreas Ramos" <andreas@xxxxxxxxxxx>
- To: <lit-ideas@xxxxxxxxxxxxx>
- Date: Wed, 26 Sep 2007 14:09:36 -0700
Defense stocks hit new highs
September 26, 2007: 04:02 PM EST
WASHINGTON (AP) - Defense stocks on Wednesday hit new highs as Defense
Secretary Robert Gates requested an extra $42 billion in funding from
Congress to cover military costs in Iraq and Afghanistan in 2008.
The AMEX Defense Index, which tracks 14 major defense company stocks, rose
14.25 to a high of 1,686.72 in afternoon trading. Since last year, the index
has risen roughly 47 percent, outperforming the broader S&P 500 index, which
has climbed nearly 15 percent over the same period.
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