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June 24 Market Close: GovCon Index Down, Raw Material Losses Drag US Markets

GovConIndexDOWNThe GovCon Index extended its losses from the previous day’s session to close down 0.756 points Wednesday and end at 76.292.

Declines in raw material and railroad stocks held down U.S. markets Wednesday and investors grew concerned that Greece’s debt negotiations are not as close to completion as they previously anticipated, according to Bloomberg.

The Dow Jones Industrial Average sank 178 points to 17, 966.07, the S&P 500 composite index declined 15.62 points to 2, 108.58 and the NASDAQ composite index fell 37.68 points to 5, 122.41.

Top Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  Serco Group   1.945   0.015   0.777%
  BAE Systems   29.98   0.17   0.57%
  Rockwell Collins   95.63   0.12   0.13%
  General Dynamics   145.52   0.15   0.10%

Market Summary

  Advancing Issues     4 (13.33%)
  Declining Issues   26 (86.66%)
  Unchanged Issues     0

Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

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