Oil Prices Drop and Defense Stocks Decline, Broadcom Upgraded to Buy

Reported about 12 hours ago

On June 24, 2025, US stocks rose while oil prices fell due to easing tensions between Iran and Israel, leading to declines in defense stocks like RTX and Lockheed Martin. Broadcom's stock, however, increased after being upgraded by HSBC from Hold to Buy, with expectations of surpassing market revenue predictions.

Source: YAHOO

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