March 17 Market Close: GovCon Index Dips Ahead of Fed Interest Rate Announcement

GovConIndexDOWNThe GovCon Index closed down Tuesday with a loss of 0.217 points to 68.844 on the day before the Federal Reserve‘s scheduled decision on when an interest rate hike could occur.

U.S. stocks recorded small losses Tuesday as investors considered data that showed a decline in home construction during February and an increase in building permits, according to Bloomberg.

The Dow Jones Industrial Average fell 128.41 points to 17, 849.01, the S&P 500 composite index declined 7 points to 2, 074.19 and the NASDAQ composite index rose 7.93 points to 4, 937.43.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Intelsat   11.17   0.13   1.18%
  AECOM Technology   29.66   0.33   1.13%
  Huntington Ingalls   140.36   0.93   0.67%
  Boeing   154.51   0.84   0.55%
  SAIC   53.55   0.09   0.17%

Market Summary

  Advancing Issues    10 (33.33%)
  Declining Issues    20 (66.66%)
  Unchanged Issues     0

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

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