Military spending

'War on ISIS' stocks rise after Paris attacks

Wall Street is betting the horrific terrorist attacks in Paris will force the United States and its allies to ramp up military spending.

Shares of Lockheed Martin (LMT) and other defense contractors rose sharply on Monday as Western leaders pledged to accelerate efforts to defeat the terrorist group ISIS.

French President Francois Hollande pledged to "eradicate terrorism" in a historic address to a joint session of parliament. "Terrorism will not destroy France, because we will destroy it," Hollande said.

ISIS is the "face of evil" and its leaders "will not have a safe-haven anywhere," U.S. President Barack Obama declared.

The tough talk helped fuel a pop in shares of companies that make the weapons and vehicles used to fight terrorism.