Lockheed Martin, why is it down?

Lockheed Martin's stock price experienced a decrease from September 30 to October 4, 2024, which can be attributed to several factors:

1. **Middle East Conflict and Market Volatility**: The ongoing conflict between Israel and Iran has created an atmosphere of uncertainty in the market. As a large defense contractor, Lockheed Martin's stock price was likely boosted by the expectation of increased defense spending due to the conflict. However, when the conflict does not escalate or resolve in a way that would significantly benefit Lockheed Martin's business, the stock price may drop as investors adjust their expectations.
2. **Earnings Report**: The company is set to release its Q3 2024 earnings report on October 15. The anticipation of this report can sometimes lead to volatility in the stock price as investors adjust their positions.
3. **Broad Market Trends**: The overall market conditions, including investor sentiment and market volatility, can also impact individual stock performances. The Federal Reserve's interest rate cut expectations and job market data can influence market dynamics, which in turn can affect Lockheed Martin's stock price.

In summary, the decline in Lockheed Martin's stock price is likely a result of a combination of factors including Middle East conflict, earnings report anticipation, and broad market trends.