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Defense Index

Iraq conflict brings defense stocks in focus

NEW YORK: With the possibility of escalating violence in Iraq, stocks in the defense sector could garner more attention next week. The stock market and oil prices were rattled late in the week after violence in the nation escalated as a Sunni insurgency against the government heats up. A continued escalation of the conflict could result in a civil war and a possible break-up of the country. Even with tensions in the region mounting, the PHLX defense sector .DFX was down about 1 percent for the week, retreating with the…