Reported about 24 hours ago
Huntington Ingalls' stock saw a significant rise of 10.5% following President Trump's address to Congress, where he announced plans to revitalize the American shipbuilding industry. This included forming a new shipbuilding office and potential special tax incentives to boost domestic production, prompting investors to buy into the defense stock. Additionally, the administration plans to fund these incentives through fees on Chinese-built ships entering U.S. ports, generating optimism for further growth in Huntington Ingalls' stock value.
Source: YAHOO