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  • Friday, April 26, 2024

May 16 Morning Report: GovCon Index Posts 1% Decline Friday


GovConIndexDOWNThe GovCon Index closed Friday with a loss of 1.052 percent to 77.038 and posted a weekly decline of 0.155 percent or 0.12 points.

U.S. investors remain wary as earnings reports from consumer companies were below expectations, although retail sales exceeded the consensus economist expectation with an increase of 1.3 percent in April, Reuters reported.

Crude oil futures in New York declined 1.1 percent to $46.21 but the benchmark has gained at least 3 percent for the week.

Market Summary

Advancing GovCon Index Issues2
Declining GovCon Index Issues28
Unchanged GovCon Index Issues0
IndexValueNet Change% Change
GovCon Index77.038-0.819-1.052%
S&P 5002, 046.61-17.50-0.85%
Dow Jones Industrial Average17, 535.32-185.18-1.05%
NASDAQ4, 717.68-19.66-0.41%

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