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  • Friday, April 19, 2024

October 8 End of Day Report: GovConIndex Up 1% as Fed Minutes Go Public


GovConIndexThe GovConIndex sits at 64.349 — an increase of 0.923, or 1.4 percent as of 3:30 p.m. Eastern time Wednesday.

This slight increase came on the same day that the Federal Open Market Committee released its minutes and the Dow Jones Industrial Average went up approximately 250 points.

Federal Reserve staff have scaled back their growth outlook due to a higher dollar, according to CNBC.

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

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