Why RTX Corp Stock Is Sinking Today

Shares of RTX Corp (RTX -2.73%) are trading lower on Friday. The company's stock lost 2.8% as of market close but lost as much as 3.5% earlier in the day. The drop comes as the S&P 500 lost 0.1%, and the Nasdaq composite gained 0.4%.RTX, the defense giant formerly known as Raytheon, saw its stock impacted by comments made by President Trump on Thursday.What HappenedPresident Trump, speaking from the White House on Thursday, told reporters that he would move to slash defense spending. The President said that ...