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March 3 Market Close: GovCon Index Falls 1% as Health, Tech Shares Sink Markets

GovConIndexDOWNThe GovCon Index erased much of its gains from the previous day with a Tuesday loss of 0.648 points — or 0.938 percent — to close at 69.737.

Declines in healthcare and energy stocks drove U.S. markets to losses ahead of scheduled releases of economic reports that could help forecast the next interest rate increase by the Federal Reservc, according to Bloomberg.

The Dow Jones Industrial Average lost 85.26 points to 18, 203.37, the S&P 500 composite index fell 9.61 points to 2, 107.78 and the NASDAQ composite index declined 28.2 points to 2, 979.90.

Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Maximus   60.89   1.32   2.22%
  Boeing   155.57   1.77   1.15%
  Navistar   29.17   0.23   0.79%

Market Summary

  Advancing Issues   27 (90.00%)
  Declining Issues     4 (10.00%)
  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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