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  • Friday, April 19, 2024

September 21 Morning Report: GovCon Index to Open After Fed Weighs Markets Friday


GovConIndexDOWN

The GovCon Index fell 1.647 percent to 72.256 on Friday, reflecting declines across major U.S. stock indices amid continued uncertainty about Federal Reserve near-zero interest rates.

CGI Group (NYSE: GIB) led the Index companies in positive territory, up 1.06 percent, followed by Cubic Corp. (NYSE: CUB), up 0.61 percent, and Leidos (NYSE: LDOS), up 0.44 percent.

The Index ended the week 0.61 percent down from its Sept. 11 close of 72.70 and has declined 6.28 percent from from its Aug. 18 close of 77.098.

Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.

Market Summary

Advancing Issues 3
Declining Issues 27
Unchanged Issues 0

 

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