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  • Wednesday, April 24, 2024

June 15 Market Close: Greece Fears Send GovCon Index, US Stocks to Decline


GovConIndexDOWNThe GovCon Index mirrored across-the-board declines in U.S. markets Thursday with a loss of 0.529 points to close at 75.809.

Health Net (NYSE: HNT),  Science Applications International Corp. (NYSE: SAIC) and Serco Group were the only Index companies to see gains — respectively at 2.68 percent, 2.26 percent and 0.804 percent.

Reports that negotiations between Greece and its creditors collapsed over the weekend and declines among information technology shares were the drivers of Monday’s selloff in U.S. markets, according to CNBC.

The Dow Jones Industrial Average fell 107.54 points to 17, 791.30, the S&P 500 composite index declined 9.68 points to 2, 084.44 and the NASDAQ composite index lost 21.13 points to 5, 029.97.

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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