JEDI is trading at $30.49 (+3.43%), supported by industrials strength and defense-spending momentum.
- Industrials rose 2.77% over the previous week.
- Northrop Grumman’s $3 billion multiyear Pentagon agreements reinforce aerospace-and-defense momentum, including expanded PAC-3 and THAAD production.
- Friday’s weaker payrolls report lowered rate-hike expectations and Treasury yields, improving risk sentiment; futures are mixed but modestly supportive ahead of Wednesday’s CPI release.