price down icon0.40%   -0.77
after-market  After Hours:  192.00  -0.43   -0.22%

Why is Elbit Systems Ltd. (ESLT) Stock down?

16 Oct, 2023:

Shares of Elbit Systems Ltd. (ESLT) dropped by 7.87% from $211.86 to $195.19 in the trading on Monday, October 16, 2023. The reason why ESLT stock down is due to the Israel-Hamas war, which prompted investors to seek safer assets. Concerns about the conflict led investors to favor low-risk government bonds, and certain defensive sectors, like utilities, energy, and real estate, outperformed the broader market. Additionally, volatile oil prices raised worries of a potential regional oil supply disruption. Amidst geopolitical uncertainty, gold prices rebounded by about 2%, as gold is viewed as a stable asset during economic and market turmoil. The war had a significant impact on ESLT's stock due to its involvement in defense electronics and international programs.

aerospace_defense HEI
price up icon 0.48%
aerospace_defense HWM
price down icon 1.42%
aerospace_defense LHX
price down icon 1.66%
aerospace_defense NOC
price down icon 2.00%
aerospace_defense TDG
price down icon 0.43%
aerospace_defense GD
price down icon 1.30%
Cap:     |  Volume (24h):