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January 14 Market Close: GovCon Index Closes Down, Copper Plunge Drives US Market Losses

GovConIndexDOWNThe 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
  Orbital   26.68   1.13   4.42%
  Serco Inc.   2.35   0.07   3.07%
  ATK   119.94   2.08   1.76%
  Navistar   31.73   0.38   1.21%
  Maximus   55.84   0.30   0.54%

Market Summary

Advancing Issues   13 (43.33%)
Declining Issues   17 (56.66%)
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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