🔴 XAR is trading 3% down today after GE Aerospace earnings trigger sector selloff

XAR is trading 3% down today as a sharp sector-wide pullback follows GE Aerospace’s earnings report.

• GE Aerospace’s results triggered concerns regarding profit margins and persistent supply-chain constraints, pressuring valuations across industrial and defense names despite solid demand.
• The sector is underperforming the broader market amid cautious risk sentiment and rising oil prices driven by escalating U.S.-Iran tensions.