President Barack Obama announced late last night that Al Qaida mastermind Osama Bin Laden had been found and killed.
Stock market futures are rising on the news, and oil is declining.
Crude oil is trading at about $114 a barrel Monday, with the DB Oil Fund (DBO) trading up over .6%.
It remains to be seen what the news will mean for the U.S. militaryís counter terrorism actions, but letís see how defense stocks are trading.
The iShares Dow Jones U.S. Aerospace & Defense Index Fund (AMEX:ITA) is trading up over .5% Monday. Top stocks in the fund include United Technologies (NYSE:UTX), producer of Sikorsky helicopters, among other things, trading up about 1.1% today.
Boeing (NYSE:BA) is the #2 stock in the portfolio, trading off slightly, while Precision Castparts (PCP), the third largest holding, trades up about .5%.
Lockheed Martin (NYSE:LMT) and General Dynamics (NYSE:GD) round out the top five holdings in the fund, with Lockheed trading down over .3%, and General Dynamics up over 1.6%.
The Aerospace & Defense Portfolio (AMEX:PPA) is trading up over .3% today. That fund includes Honeywell (NYSE:HON), which is trading up about 1.3% Monday.
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