According to a ChainCatcher report citing Jin Ten, at the opening of the U.S. stock market, the Dow Jones Industrial Average fell 0.3%, the S&P 500 dropped 0.05%, and the Nasdaq Composite declined 0.12%. Defense stocks generally rose, with Lockheed Martin (LMT.N) rising 6.66% and Raytheon Technologies (RTX.N) increasing 2.55%. Trump plans to increase the 2027 defense budget by 50% to $1.5 trillion. The Nasdaq China Golden Dragon Index fell 0.37%.
U.S. Markets Open Lower, Defense Stocks Rise on Trump's 2027 Budget Plan
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Summary
U.S. markets opened lower on January 8, 2026, with the Dow Jones down 0.3%, the S&P 500 down 0.05%, and the Nasdaq Composite down 0.12%. On-chain data showed mixed sentiment across major indices. Defense stocks rose sharply after Trump proposed a 50% increase in the 2027 defense budget to $1.5 trillion. Lockheed Martin climbed 6.66%, Raytheon up 2.55%. Open interest in defense sector derivatives also rose. The Nasdaq China Golden Dragon Index fell 0.37%.
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