Sector roundup: Defense contractors, airlines

AP News
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Posted: Dec 09, 2009 5:32 PM

Among the sector activity stories for Wednesday, Dec. 9, from AP Financial News:

NEW YORK (AP) _ Shares of defense contractors fell after Macquarie Securities downgraded some companies in the sector, including Lockheed Martin Corp., on concerns about tight military budgets.

NEW YORK (AP) _ Airline stocks were mixed with the broader market, even though officials of the biggest carriers offered upbeat views on travel demand going into next year.

DENVER (AP) _ Shares of metal manufacturers were mixed after an analyst noted prices were rising despite what she sees as a small improvement in demand for steel products.