U.S. stocks are being trounced by Europe as Trump retreats from Ukraine, focuses on ‘America First’

It might go down in history as the “Zelensky” moment.

European defense stocks surged on Monday, the first trading session since President Donald Trump shocked the world by scolding Ukrainian President Volodymyr Zelensky, telling the embattled leader he risked “World War III,” when a heated Oval Office meeting Friday failed to produce a mineral-rights deal for America.