The GovCon Index fell 0.067 points — or 0.095 percent — to close at 70.674 on Wednesday.
Copper prices declined 5.7 percent to $2.4945 per pound in New York and was a factor that drove U.S. stocks to decline, according to Bloomberg.
Investors showed some concern over data that showed a decline in retail sales during December, Bloomberg reports.
The Dow Jones Industrial Average tumbled 1.06 percent — or 186.59 to 17, 427.09, the S&P 500 composite index declined 11.76 points to 2, 011.27 and the NASDAQ composite index slid 22.17 points to 4, 639.32.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|Advancing Issues||13 (43.33%)|
|Declining Issues||17 (56.66%)|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.