Stock markets rose on Tuesday, driven by a ceasefire between Israel and Iran, following heightened tensions from a recent U.S. attack on an Iranian uranium enrichment site. President Donald Trump confirmed the ceasefire, stating, “ISRAEL is not going to attack Iran,” which positively affected overall market sentiment.
Lockheed Martin (NYSE: LMT) experienced a 3% decline by 3 p.m. ET despite the market rally, reflecting investor concerns about falling demand for military products amid the ceasefire. The company’s stock surge earlier this month, attributed to increased conflict fears, has since reversed to levels seen prior to the escalation.
