Stock Market Today, Jan. 8: Defense Stocks Rally and Tech Retreats

Today, Jan. 8, 2026, defense names power the Dow as investors react to President Trump’s 1.5 trillion Pentagon push.S&P 500 (^GSPC +0.01%) finished almost flat at 6,921.46, the Nasdaq Composite (^IXIC 0.44%) declined 0.44% to 23,480.02 on tech weakness, while the Dow Jones Industrial Average (DJINDEX: ^DJI) gained 0.55% to 49,266.11 as defense and staples outperformed.Market moversNorthrop Grumman (NOC +2.43%) advanced on Trump’s 1.5 trillion defense-budget push and a new $94 million U.S. Navy contract. L ...