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October 9 End of Day Report: GovConIndex Mirrors S&P 500’s 2% Drop

GovConIndexThe GovConIndex declined by approximately 1.76 percent Thursday to 63.569, representing a downturn of nearly 1.1 percent.

This decrease mirrored that of the S&P 500 composite index, which declined by about 2 percent to 1, 930.5 and saw all 10 of its main groups decrease by at least 0.8 percent.

Investors responded to worries over the European economy’s outlook and how U.S. exports would figure in such an environment.

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

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