US Defense Stocks Slide as Bipartisan Support for Trump's $500B Spending Boost Fades

Wall Street defense equities are falling as the Trump administration's proposed $500 billion military spending increase loses bipartisan backing in Congress. The weakening support signals a potential reversal of the expected defense budget expansion, directly pressuring defense sector valuations. Uncertainty centers on whether a scaled-down package can pass and how it will affect long-term procurement programs.