The GovCon Index fell for a second consecutive day Wednesday as it recorded a loss of 0.471 points to 68.596.
U.S. markets entered negative territory after the ADP Research Institute said companies added 189, 000 workers to payrolls in March, which missed estimates of many economists, according to Bloomberg.
Bloomberg also cited the Institute for Supply Management’s latest index — which fell from 52.9 to 51.5 — as an item that sent stocks downward Wednesday.
The Dow Jones Industrial Average declined 77.94 points to 17, 698.18, the S&P 500 composite index fell 8.20 points to 2, 059.69 and the NASDAQ composite index slipped 20.66 points to 4, 880.23.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|Advancing Issues||13 (43.33%)|
|Declining Issues||17 (56.66%)|
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.