Hello, Guest!
  • Friday, April 26, 2024

June 4 Market Close: GovCon Index, US Stocks Slide Ahead of Jobs Report


GovConIndexDOWNThe GovCon Index lost nearly a full week’s worth of gains Thursday as it closed down 1.864% percent — or 1.117 points — to end at 75.920.

A large-scale selloff of U.S. bonds and a lack of news from Greece’s debt talks impacted U.S. markets Thursday with traders set to watch Friday’s jobs report, according to CNBC.

The Dow Jones Industrial Average plunged 170.69 points to 17, 905.58, the S&P 500 composite index fell 18.22 points to 2, 095.85 and the NASDAQ composite index declined 40.11 points to 5, 059.13.

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

Video of the Day

Related Articles

State Department Approves Potential $1.9B FMS of Black Hawk Helicopters to Greece News

State Department Approves Potential $1.9B FMS of Black Hawk Helicopters to Greece

The State Department has approved a possible $1.95 billion sale of UH-60M Black Hawk helicopters to the government of Greece. Lockheed Martin (NYSE: LMT) subsidiary Sikorsky will complete the order as lead contractor, the Defense Security Cooperation Agency said Friday. The foreign military sale includes 35 Black Hawk helicopters as well as their components and

State Department Approves Proposed $268M Assault Amphibious Vehicle Sale to Greece Contract Awards

State Department Approves Proposed $268M Assault Amphibious Vehicle Sale to Greece

The State Department has cleared a potential $268 million foreign military sale of assault amphibious vehicles and related equipment to Greece. The Greek government asked to buy a total of 76 AAV units in personnel, command and recovery configurations along with 63 50-caliber machine guns, the Defense Security Cooperation Agency said Friday. Contract items include

State Department OKs $233M Jet Engine Maintenance Services Deal With Greece Contract Awards

State Department OKs $233M Jet Engine Maintenance Services Deal With Greece

The State Department has approved a potential $233 million foreign military sale of aircraft engine maintenance services and associated equipment to Greece. The government of Greece is in need of depot-level services to repair and maintain F100-PW-229 engines equipped on F-16 Block 52+/52+ jets, the Defense Security Cooperation Agency said Wednesday. The potential sale would