Defense and cybersecurity stocks climb amid Russia’s invasion of Ukraine

Most major US markets closed lower after regaining some losses but defense contractors continued to gain

Defense and cybersecurity stocks are seeing a sharp rise in values as investors take note of pledges by the EU to boost defense spending and governments warn of an increased threat of cyber intrusions following Russia's invasion of Ukraine.

US stock markets seesawed again on Monday as the war in Ukraine escalated. Most of the major US markets closed lower after regaining some of their losses, but defense contractors continued to gain as investors bet their businesses would benefit from the conflict.