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  • Friday, April 19, 2024

December 15 Morning Report: GovCon Index Down on Friday’s Close


GovConIndexAll companies listed on the GovCon Index recorded losses on Friday to end the week with a close of 67.878 after two days of gains, a steep decline of 2.414 percent, or 1.600 points.

According to a Bloomberg report, global market indicators reacted to a continued decline in crude oil prices and news of a slowdown in China’s manufacturing industry and its possible effects to the world’s economies.

The Dow Jones Industrial Average lost 315.51 points, or 1.79 percent, to close at 17, 280.83, with the Standard & Poor’s 500 composite index declining 33 points (1.62%) to close at 2, 002.33 and the NASDAQ composite index falling 54.57 points (1.16%) to close at 4, 653.60.

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

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