U.S. stocks diverge Thursday; industrials gain, techs slide

NEW YORK, New York - U.S. defense stocks boosted the industrial indices on Thursday. The sector was buoyed by President Donald Trump's announcement that the annual budget for defense spending will increase by 50 percent from near $1 trillion to $1.5 trillion.

"After long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the