The GovCon Index declined for the second consecutive day Wednesday to record a loss of 0.155 points and close at 73.147.
Health Net (NYSE: HNT) led gainers in the Index at 1.81 percent after the company reported a 28-percent revenue increase year-over-year for its fiscal year 2015 first quarter.
U.S. stocks fell after an ADP estimate of U.S. employment figures showed businesses created 169, 000 jobs in April, a figure CNBC reports is below analyst forecasts of a 200, 000 figure.
The Dow Jones Industrial Average fell 86.22 points to 17, 841.98, the S&P 500 composite index slipped 9.31 points to 2, 080.15 and the NASDAQ composite index declined 19.68 points to 4, 919.64.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|Advancing Issues||11 (36.66%)|
|Declining Issues||19 (63.33%)|
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.