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  • Wednesday, April 24, 2024

October 15 End of Day Report: GovCon Index Tanks 2% as Weak Data Hits Market


GovConIndexThe GovCon Index recorded a 2-percent decline as of Wednesday afternoon, nearly in line with the other three major stock indices after the release of weak economic data.

Ahead of the closing bell, the GovCon Index sat at a figure of 61.797, a decrease of almost a full point from Tuesday’s trading with only three companies listed in the index slated to close the trading day in the positive.

Investors reacted to the news of a decline in U.S. retail sales for September and a slowdown of manufacturing activity.

The Executive Mosaic GovConIndex is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) Companies.

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