EUAD is trading 5.6% up today following President Trump's de-escalation signals regarding the Iran conflict, which boosted defense stocks and broader market sentiment.
- Trump's March 31 comments on ending the conflict lifted futures, benefiting defense plays after recent geopolitical volatility.
- Easing concerns over the Strait of Hormuz blockade and helium supply, alongside falling oil prices, are driving a rotation into industrials as energy costs decline.