January 9 Market Close: GovCon Index Retreats, Report Shows December Wage Decline

GovConIndexDOWNThe GovCon Index ended the trading week with a slight decline of 0.306 points — or 0.433 percent — to close at 70.995 on Friday.

For the week started Jan. 5, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure for a trading week within the past three months.

U.S. stocks declined after two straight days of gains as investors showed concern over the Labor Department‘s new jobs report that showed decreases in average hourly earnings during December, according to Bloomberg.

The Dow Jones Industrial Average fell 170.50 points to 17, 737.37, the S&P 500 composite index lost 17.33 points to 2, 044.81 and the NASDAQ composite index declined 32.12 points to 4, 704.07.

Top Percentage Gainers

CompanyStock Price$ Change% Change
  Serco Inc.  2.3936  0.0376  1.60%
  CSC  64.29  1.00  1.58%
  Booz Allen Hamilton  27.86  0.32  1.16%
  BAE Systems Inc.  28.34  0.12  0.43%
  Northrop Grumman  152.74  0.57  0.37%

Market Summary

Advancing Issues    7 (23.33%)
Declining Issues  23 (76.66%)
Unchanged Issues    0
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