In trading on Wednesday, defense shares were relative laggards, down on the day by about 0.6%. Helping drag down the group were shares of Lockheed Martin (NYSE:LMT), off about 1.6% and shares of Raytheon (NYSE:RTN) down about 1.4% on the day.
Also lagging the market Wednesday are shipping shares, down on the day by about 0.3% as a group, led down by Eagle Bulk Shipping (NASDAQ:EGLE), trading lower by about 4.9% and Excel Maritime Carriers (EXM), trading lower by about 4%.
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