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March 19 Market Close: GovCon Index Falls, Traders Consider Fed Statement

GovConIndexDOWNThe GovCon Index took a slight dip Thursday to record a decline of 0.259 points and close at 69.229 on a day of mixed results in U.S. markets.

Investors continued to mull the Federal Reserve‘s statement Wednesday that an interest rate increase will be more gradual than they previously expected and considered the central bank’s economic outlook, CNBC reported.

The Dow Jones Industrial Average lost 117.16 points to close at 17, 959.03, the S&P 500 composite index dipped 10.23 points to 2, 089.27 and the NASDAQ composite index gained a nominal 9.55 points to 4, 992.38.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Leidos Holdings   45.08   1.16   2.64%
  Booz Allen Hamilton   29.82   0.57   1.95%
  Healthnet   61.20   0.85   1.41%
  ICF International   41.55   0.30   0.73%
  Cubic Corp.   52.67   0.24   0.46%

Market Summary

  Advancing Issues    20 (66.66%)
  Declining Issues    10 (33.66%)
  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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