XAR is trading 3.1% down today as aerospace and defense stocks retreat following a disappointing U.S.-China summit and broader macroeconomic pressure.
- Renewed uncertainty surrounding Boeing and a 200-jet deal with China that fell short of investor expectations are prompting a sell-off in the sector.
- Rising oil prices and higher bond yields are weighing on growth- and cycle-sensitive stocks, contributing to a broader market pullback across the S&P 500, Nasdaq, and Dow.