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March 23 Market Close: GovCon Index Dips, US Stocks Record Slight Declines

GovConIndexDOWNThe GovCon Index recorded a nominal loss Monday of 0.089 points to close at 70.027.

Losses of transportation shares offset gains in consumer and technology stocks as investors also weighed Federal Reserve Vice Chairman Stanley Fischer’s comment that an interest rate raise will likely happen before the end of the year, Bloomberg reported.

The Dow Jones Industrial Average fell 11.61 points to 18, 116.04, the S&P 500 composite index dipped 3.68 points to 2, 104.42 and the NASDAQ composite index declined 15.44 points to 5, 010.97.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   2.79   0.19   7.31%
  Intelsat   11.80   0.26   2.25%
  Orbital ATK   79.78   1.55   1.98%
  Leidos Holdings   46.76   0.50   1.08%
  Navistar   28.45   0.27   0.96%

Market Summary

  Advancing Issues    16 (56.66%)
  Declining Issues    14 (43.33%)
  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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