Shares in defense companies fall

The House voted 228-205 to defeat the legislation that was pushed by the Bush administration as a necessary tonic to avert financial crisis. It is unclear shortly after the vote how Congress would proceed on the issue following its defeat.

Defense stocks, which were already broadly lower before the vote, continued to fall after the news.

Shares of Lockheed Martin Corp., the nation's biggest defense firm, fell $1.77, or 1.6 percent, to $110.78. Shares of the conglomerate Textron Inc. plummeted $5.21, or 16 percent, to $27.28.

Boeing Co. dropped $2.75, or nearly 5 percent, to $55.57.

General Dynamics Corp. fell $3.83, or 5.1 percent, to $71.09.

Raytheon Co. lost $1.69, or 3 percent, to $54.37.

Northrop Grumman Corp. fell 96 cents, or 1.5 percent, to $62.04.