Dow Jones ends higher on defense rebound as tech drags; Friday jobs report looms
New York, Jan 8, 2026, 17:06 EST — After-hours The Dow Jones Industrial Average ended higher on Thursday, lifted by a rebound in defense stocks after President Donald Trump called for a sharply larger U.S. military budget. The Dow rose 270.03 points, or 0.55%, to 49,266.11; the S&P 500 edged up 0.01% and the Nasdaq fell 0.44%. Reuters The market is trying to price two messages at once: a bigger spending push that could fatten defense backlogs, and a tougher line on contractors’ shareholder payouts. Trump said the 2027 military budget should be $1.5 trillion, versus $901 billion approved by