Updated from 1:06 p.m. EDT
Few sectors went unscathed in Monday's stock market drubbing, as investors found little comfort even in traditional safe havens. But with the nation gearing up for a battle with terrorism, defensive and aerospace stocks got a clear vote of confidence.
Northrop Grumman (NOC) - Get Report soared 15.7% to close at $94.80 on the New York Stock Exchange. Raytheon (RTN) - Get Report gained 26.8% to $31.50, while Lockheed Martin (LMT) - Get Report rose 14.7% to $43.95.
The news was not as good among consumer staples, where stocks ended mixed. Gillette (G) - Get Report was off 1.6% to $30.70, while Procter & Gamble (PG) - Get Report, managed to close up 0.5% to $74.55 after being in the red for most of the day. Soft-drinks giant Coca-Cola (KO) - Get Report also shrugged off earlier losses, finishing up 0.9% to $50.20, and cigarette king Philip Morris (MO) - Get Report also finished higher by 2.7% to $48.90.
Security device makers posted impressive gains, with some stocks in the sector doubling in value. InVision Technologies (INVN) , which manufactures explosives scanners that are being deployed in airports, soared 165.3% to $8.25 on the Nasdaq.
Face recognition technology company Viisage Technology (VISG) climbed 142.3% to $4.70, and Visionics (VSNX) gained 93.2% to $8.25, and rival Identix (IDX) - Get Report climbed 71.4% to $7.20 on the American Stock Exchange. Security services firm Wackenhut (WAK) rose 26.7% to $21.15.
Phone companies, which have been scrambling to restore over-burdened phone lines in New York City, finished lower. Verizon Communications (VZ) - Get Report closed down 1.8% to $49.80, and BellSouth (BLS) drifted down 0.6% to $39.50. AT&T (T) - Get Report lost 0.7% to $17.52.
Brokerage stocks, which might have lost a combined billion dollars in profit from the attack, fell sharply. Merrill Lynch (MER) tumbled 11.5% to $41.48, while Morgan Stanley (MWD) ended trading off 13.1% to $42.50. Goldman Sachs (GS) - Get Report slipped 8.9% to $69.40 and Lehman Brothers (LEH) gave up 11.1% to $55.16. Online brokerage Charles Schwab (SCH) lost 14.4% to $10.07.