Howmet Aerospace and ATI lead gains after earnings, while Redwire and CACI International also advance on strong results.
Aerospace and defense stocks surged Thursday following earnings reports, with Howmet Aerospace (HWM) and ATI breaking out. Howmet, a parts and components maker, led the rally alongside ATI, both posting gains after their latest financial results.
Redwire climbed toward a key moving average after its Wednesday report, while CACI International gapped above its 200-day line within a consolidation. The moves reflect broader strength in the sector, though market reactions varied by company.
The Dow Jones Industrial Average saw mixed activity, with energy giant Chevron eyeing a buy point despite falling oil prices, while ASML stock declined below a critical level.