December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move


GovConIndexThe GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday.

Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to an interest rate increase next year,  according to Reuters.

LinkedIn Follow

The Dow Jones Industrial Average fell 111.97 points to close at 17, 068.87, the S&P 500 composite index declined 16.89 points to close at 1, 989.63 and the NASDAQ composite index lost 48.44 points to close at 4, 547.83.

Top Percentage Gainers

Company Stock Price $ Change % Change
 Intelsat  16.15  0.67  4.33%
 BAE Systems Inc.  27.90  0.76  2.80%
 ICF International  39.98  0.76  1.94%
 Boeing  142.25  2.17  1.78%
 CGI Group  35.34  0.50  1.44%

Market Summary

Advancing Issues 14 (53.33%)
Declining Issues 16 (46.66%)
Unchanged Issues 0 (0.00%)

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

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Financial Report

Related Articles