Defense stocks outperform broader market amid Iran/Israel fighting

Shares in defense companies outperforming broader market on Tuesday and were biggest gainers in the S&P 500 industrials index .SPLRCI as conflict between Israel and Iran reached fifth day and the U.S. considered whether to deepen involvement

Trading in defense stocks has been choppy since Israel attacked Iran last Friday. S&P 500 aerospace and defense index .SPLRCAERO on Tuesday up 0.6%

On Tuesday, Lockheed Martin LMT.N up about 3%, Huntington Ingalls Industries HII.N rising 1.9%, and RTX Corp RTX.N up 1.8%. Northrop Grumman Corp NOC.N gaining 1.5% and L3Harris LHX.N adding 1.3%

President Donald Trump called on Tuesday for Iran's "unconditional surrender" and warned that U.S. patience was wearing thin, suggesting a more aggressive stance toward Iran as he weighs whether to deepen U.S. involvement

Trump was meeting with his National Security Council on Monday afternoon to discuss the conflict, according to a White House official

In the broader market, all three of Wall Street's major indexes were in the red with the S&P 500 .SPX and Nasdaq .IXIC down about 0.8% and the Dow down 0.8%