W hile global markets continued their downward spiral, with cryptocurrencies and Asian equities plunging, aerospace giant Lockheed Martin experienced a dramatic surge in its stock price before retreating.
Lockheed Martin (LMT) opened the trading session at $548.77, but the stock suddenly spiked over $10 higher to eclipse the $560 level - a 2% intraday rally. Lockheed Martin is a leading global security, defense, and aerospace contractor, ensuring those they serve always stay ahead of ready. The surge in their stocks might be connected to ongoing war and conflict around the world.
Cryptocurrency markets saw over $800 million in positions liquidated in the past 24 hours, while Japan's benchmark TOPIX index plummeted 5.7% and Australia's benchmark shed more than 3% in their worst sessions since mid-2022.
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