The GovCon Index declined for the second consecutive trading session Tuesday with a loss of 0.421 points to 73.488.
Gains in Treasury bonds and energy shares helped offset losses in U.S. markets earlier in a day that saw raw material stocks decline, according to Bloomberg.
Bloomberg reports investors believe the Federal Reserve will not raise interest rates until later this year in an effort to let the economic recovery take shape.
The Dow Jones Industrial Average dipped 36.94 points to 18, 068.23, the S&P 500 composite index fell 6.21 points to 2, 099.12 and the NASDAQ composite index declined 17.38 points to 2, 976.19.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|Advancing Issues||8 (26.66%)|
|Declining Issues||22 (73.00%)|
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.