December 31 Market Close: GovCon Index Retreats On Final Day of The Year

GovConIndexDOWNThe GovConIndex closed 2014 in a downward direction. The index closed Wednesday at 70.629, down 0.884 point, or 1.267 percent.

The GovConIndex followed the major American indexes with the Nasdaq composite index closing at 4, 736.06, down 0.87 percent, the Standard & Poor’s 500 at 2, 058.90 down 1.03 percent, and the Dow Jones industrial average down 0.89 percent to close at 17, 823.07.

After spending a majority of the day in the positive equities closed down on the day; with a significant portion of the decline coming the final 30 minutes of the trading day.

Market Summary

Advancing Issues 2 (6.67%)
Declining Issues 28 (93.33%)
Unchanged Issues 0

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

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