The GovCon Index mirrored across-the-board losses in U.S. markets Monday with a decline of 2.386 percent to 74.333 on a day that saw the possibility of default by Greece on a repayment to the International Monetary Fund loom over trading activity.Greece closed down its banking system and Standard & Poor’s puts the likelihood of a Greek exit from the Eurozone at 50 percent, according to the Wall Street Journal.
Financial and consumer shares were among the biggest decliners in U.S. markets Monday, the Journal reports.
The Dow Jones Industrial Average plummeted 1.95 percent to 17, 596.35, the S&P 500 composite index sank 2.09 percent to 2, 057.64 and the NASDAQ composite index plunged 2.4 percent to 4, 958.47.
Market Summary
| Â Advancing Issues | Â Â Â 1Â (3.33%) |
| Â Declining Issues | Â 29Â (96.66%) |
| Â Unchanged Issues | Â Â Â 0 |
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.
