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June 12 Market Close: GovCon Index, US Stocks Fall on Greece Worries


GovConIndexDOWNThe GovCon Index lost ground after two consecutive days of gains with a loss of 0.407 points to close at 76.334 Friday.

Investors continued to follow the debt negotiations between Greece and its creditors and showed concern over the lack of progress in the talks, Bloomberg reported.

Market attention will shift next week to the next meeting of Federal Reserve leaders as they could potentially discuss the timing of an interest rate increase, according to Bloomberg.

The Dow Jones Industrial Average fell 140.53 points to 17, 898.84, the S&P 500 composite index declined 14.75 points to 2, 094.11 and the NASDAQ composite index lost 31.41 points to 5, 051.10.

Top Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  Engility Holdings   28.08   0.73   2.67%
  Intelsat   10.59   0.17   1.63%
  CGI Group   42.79   0.11   0.26%
  AECOM   161.06   0.29   0.18%
  Northrop Grumman   33.69   0.02   0.06%

Market Summary

  Advancing Issues      5  (16.66%)
  Declining Issues    25 (83.33%)
  Unchanged Issues      0

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

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