U.S. markets traded lower Monday after the Commerce Department said durable good orders fell 0.5 percent in April from March and were 1.3 percent down in April 2015 compared to the prior year period, according to the Wall Street Journal.
A decline in aircraft orders was the primary factor in the downturn but the report suggested business investment could pick up, the Journal reports.
The Dow Jones Industrial Average sank 1.04Â percent to 18, 041.74, the S&P 500 composite index fell 1.03Â percent to 2, 104.20Â and the NASDAQ composite index plunged 1.11Â percent to 5, 032.75.
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.