112 days ago • Posted by William Ramstein
Defense stocks fall while renewables rise as Biden is sworn into office.
In Europe, renewable-energy stocks like wind power firm Vestas Wind Systems A/S and Siemens Gamesa Renewable Energy SA outperformed in the Stoxx 600 Energy index, both rising more than 2%. Japanese rifle maker Howa Machinery Ltd. tumbled 7.8% and Australian defense shipbuilder Austal Ltd., fell 2.7%. - Bloomberg