The GovCon Index capped the month of April with a decline of 2.001 percent to hit its lowest closing figure of the month at 73.372.
Bloomberg cited losses in small cap and biotechnology stocks as a driver of declines in U.S. stock markets Thursday and continued scrutiny of investors on the Federal Reserve‘s two-day meeting notes.
Traders also weighed economic data that showed consumer spending rose in March and U.S. jobless claims declined to a 15-week low, according to Bloomberg.
The Dow Jones Industrial Average fell 1.08 percent to 17, 840.52, the S&P 500 composite index declined 1.01 percent to 2, 085.51 and the NASDAQ composite index lost 1.64 percent to 4, 941.43.
|Company||Stock Price||$ Change||% Change|
|Advancing Issues||4 (13.33%)|
|Declining Issues||26 (86.66%)|
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.