March 24 Market Close: GovCon Index Dips as Dollar, Oil Figures Rise

GovConIndexDOWNThe GovCon Index closed at a coss for a second consecutive day Tuesday as it recorded a decline of 0.318 points to 69.709.

A 6-cent increase in crude oil and another increase in the U.S. dollar against other currencies drove U.S. trading activity Tuesday on a day that saw stocks decline, according to CNBC.

Stocks traded up in the morning after the Commerce Department said new home sales increased 7.8 percent in February, CNBC reported.

The Dow Jones Industrial Average fell 104.96 points to 18, 001.08, the S&P 500 composite index declined 12.91 points to 2, 091.51 and the NASDAQ composite index lost 16.25 points to 4, 994.73.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Textron   45.08   0.47   1.05%
  CGI Group   43.78   0.37   0.85%
  Cubic Corp.   53.43   0.26   0.49%
  Lockheed Martin   203.30   0.38   0.19%
  Navistar   28.49   0.05   0.18

Market Summary

  Advancing Issues      9 (30.00%)
  Declining Issues    21 (70.00%)
  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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