Tobacco, Defense Stocks Trail Year-Opening Rally

In trading Monday, cigarettes & tobacco shares were relative laggards in the broadly positive session, up just 0.4% on the day. Dragging down the group were shares of British American Tobacco, down about 0.8% and shares of Altria Group down about 0.7% on the day.

Also lagging the market Monday are defense shares, up on the day by just 0.5% as a group, led down by Applied Energetics, trading lower by about 2.5% and Alliant Techsystems ( ATK - news - people ), trading lower by about 0.4%.